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Knight Equity Markets, L.P.

Knight Equity Markets, L.P. (CRD #38599, Jersey City, New Jersey) received a censure and fine of $30,000. According to the findings, the firm incorrectly designated as ".PRP," through ACT, last sale reports of transactions in NNM securities; reported through ACT last sale reports of transactions in NNM securities it was not required to report; and incorrectly reported to ACT the second leg of four riskless principal transactions in NNM securities and incorrectly designated the capacity of each such transaction as principal. 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, and failed to report to ACT the correct symbol indicating whether the firm executed transactions in eligible securities in a principal or agency capacity. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #CMS040063)

Did Knight Equity Markets, L.P. manage your investments?

 

 

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