Credit Research & Trading LLC (CRD #28830, Greenwich, Connecticut) was censured and fined $10,000. According to the findings, the firm reported transactions in high yield corporate debt securities to the Fixed Income Pricing SystemSM (FIPSŪ) that it was not required to report. The findings also stated that the firm failed to establish, enforce and maintain written supervisory procedures adequately designed to achieve compliance with regard to the above matters. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #CMS990104)
Did Credit Research & Trading LLC manage your investments?
SHEPHERD, SMITH & EDWARDS, LLP
Offices and Associates:
New York, Chicago, San Francisco, Dallas,
Houston, New Orleans, Phoenix,
and Mexico City.
Main Office: 1010 Lamar, Suite 900, Houston,
Tel. (713) 227-2400 - Fax. (713) 227-7215