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Calyon Securities (USA) Inc.

Calyon Securities (USA) Inc. (CRD #190, New York, New York) received a censure and fine of $25,000. The firm was also required, within 30 business days, to revise its written supervisory procedures with respect to the applicable securities laws, regulations, and NASD rules concerning Automated Confirmation Transaction ServiceSM (ACTSM) reporting. According to the findings, the firm failed to accept or decline in ACT transactions in eligible securities within 20 minutes after execution. The regulators also found that the firm failed to report to TRACE transactions in TRACE-eligible securities within 75 minutes after execution. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #CLG050013)

Did Calyon Securities (USA) Inc. manage your investments?



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