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Redwood Brokerage Services, Inc.

Redwood Brokerage Services, Inc. (CRD #39416, New York, New York) received a censure and fine of $10,000. In addition, the firm is required to revise its written supervisory procedures. According to the regulators, the firm failed to transmit to the Order Audit Trail System (OATSSM) reports containing each applicable item of order information identified in NASD Marketplace Rule 6954. Additionally, the regulators found that the firm's supervisory system failed to provide for supervision reasonably designed to achieve compliance with respect to applicable securities laws, and regulations. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #CMS010076)

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