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Cathay Financial LLC

Cathay Financial LLC (CRD #30065, New York, New York) received a censure and fine of $15,000. According to the regulators, the firm executed short sale transactions and failed to report each of these transactions to ACT with a short sale modifier. Additionally, the findings stated that the firm executed short sale orders in certain securities and failed to annotate an affirmative determination prior to executing such transactions. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #CMS010104)

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