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ING Financial Markets LLC

ING Financial Markets LLC (CRD #28872, New York, New York) received a censure and fine of $15,000. The firm was also required, within 30 business days, to revise its written supervisory procedures with respect to applicable securities laws, regulations, and NASD rules concerning ACT short sale trade reporting. According to the findings, the firm executed short sale transactions in NASDAQ National Market(r) (NNM(r)) securities at or below the current inside bid when the current inside bid was below the preceding inside bid in the security. The regulators also found that the firm failed to report to ACT the correct symbol indicating whether the transaction was a buy, sell, sell short, sell short exempt, or cross for transactions in eligible securities. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #CMS040024)

Did ING Financial Markets LLC manage your investments?



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