Ingalls and Snyder, LLC (CRD #2288, New York, New York) received a censure and fine of $10,000. According to the complaint, the firm reported transactions to the Fixed Income Pricing SystemSM (FIPSŪ) in violation of applicable securities laws and regulations regarding the reporting of high yield corporate debt securities. Additionally, the complaint stated that the firm failed to establish, enforce and maintain 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 #CMS000064)
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SHEPHERD, SMITH & EDWARDS, LLP
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