RenCap Securities, Inc. (CRD #37821, New York, New York) received a censure and fine of $18,000. According to the findings, the firm failed to disclose adequately the markups or markdowns charged to its customers. The regulators also found that the firm memoranda of the brokerage orders were deficient in that the memoranda failed to show the type of order, whether or not the transaction was solicited, and the correct time of order entry and order execution. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #C10040058)
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