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E*Trade Securities, LLC

E*Trade Securities, LLC (CRD #29106, Rancho Cordova, California) received a censure and fine of $11,000. The firm was also required, within 30 business days, to revise its written supervisory procedures concerning timely Order Audit Trail SystemSM (OATSSM) reporting. According to the findings, the firm submitted to OATS reports with respect to equity securities traded on The Nasdaq Stock Market that were not in the electronic form prescribed by NASD. Such reports were rejected by the OATS system and notice of such rejection was made available to the firm on the OATS Web Site. However, the firm did not correct or replace the reports. The regulators also found that the firm failed to enforce its written supervisory procedures concerning repairing rejected OATS event submissions. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #CMS030291)

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