White Pacific Securities, Inc. (CRD #42505, San Francisco, California) received a censure and fine of $25,000. Additionally, the firm was required to revise its written supervisory procedures with respect to OATS and SEC Rule 11Ac1-6. According to the regulators, the firm failed to make publicly available a report on its routing of non-directed orders in covered securities. The regulators also found that the firm submitted to OATS reports with respect to equity securities traded on the Nasdaq Stock Market that were not in the electronic form prescribed by NASD, and that the firm failed to report to OATS Reportable Order Events (ROEs) in a timely manner. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #CLG050001)
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