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Intercontinental Asset Management Group, Ltd.

Intercontinental Asset Management Group, Ltd. (CRD #22408, San Antonio, Texas) received a censure and fine of $10,000. The firm was also required to revise its written supervisory procedures with respect to Trade Reporting and Compliance Engine (TRACE) reporting. According to the findings, the firm failed to report TRACE transactions, and the correct execution time in transactions, in TRACE-eligible securities within 45 minutes after execution. The regulators also found that the firmís supervisory system did not provide for supervision adequately designed to achieve compliance with applicable securities laws, regulations, and NASD rules concerning TRACE reporting. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #CMS040213)

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