OTA LLC (CRD #25816, Purchase, New York) received a censure and fine of $15,000. The firm was also required, within 30 days, to revise its supervisory procedures concerning OATS reporting. According to the findings, the firm failed to submit required information to OATS on 15 business days. The regulators also found thaat the firm transmitted to OATS execution reports that contained inaccurate, incomplete, or improperly formatted data. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #CMS030143)
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