Track Data Securities Corporation (CRD #103802, Brooklyn, New York) received a censure and fine of $10,000. According to the findings, the firm, as an Electronic Communications Network (ECN), it entered a quote that locked or crossed the market without first sending a Trade-or-Move Directed Order to the market maker or ECN whose quote the firm would lock or cross that was at, or superior to, the receiving market maker's or ECN's quoted price. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #CMS030289)
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