Kensington Capital Corporation

Kensington Capital Corporation (CRD #1742, Brooklyn, New York) received a censure and fine of $12,500. The firm was also required to revise its written supervisory procedures with respect to trade reporting. According to the findings, the firm failed to accept or decline transactions in eligible securities in ACT within 20 minutes after execution that the firm had an obligation to accept or decline in ACT. The regulators also found that the firm’s supervisory system did not provide for supervision adequately designed to achieve compliance with applicable securities laws and regulations concerning trade reporting, specifically NASD Rule 6130(b). The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #CMS040197)

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