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International Correspondent Trading, Inc.

International Correspondent Trading, Inc. (CRD #37401, Jersey City, New Jersey) received a censure and fine of $10,000. According to the regulators, the firm failed to indicate on limit order tickets whether the orders were day or good-till-canceled orders. In addition, the firm failed to indicate on order tickets whether they were limit or market orders. Apparently, the firm failed to note the time of entry or execution, failed to indicate the time of cancellation, failed to indicate whether the securities were "long" or "short" in the account, and failed to indicate affirmative determination. The NASD also found that order tickets could not be located. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #C9B010011)

Did International Correspondent Trading, Inc. manage your investments?



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