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Track Data Securities Corporation

Track Data Securities Corporation (CRD #103802, Brooklyn, New York) received a censure and fine of $105,000. According to the findings, the firm executed short sale transactions and failed to report each of these transactions to ACT with a short sale modifier. The regulators also found that the firm made available a report on the covered orders in national market system securities that it received for execution from public customers that classified orders incorrectly. Additionally, the findings state the firm published inaccurate information for its routing of non-directed orders in covered securities and failed to maintain documentation indicating whether certain orders in covered securities were directed or non-directed orders. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #CLG050044)

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