Carlin Equities Corp. (CRD #31295, New York, New York) received a censure and fine of $10,000. According to the regulators, the firm executed customer short-
sale orders in securities and failed to annotate an affirmative determination for each of these orders. Additionally, the findings stated that the firm failed to establish, enforce and maintain written supervisory procedures adequately designed to achieve compliance with the applicable short-sale rules of the NASD. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #CMS000180)
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