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Tucker Anthony, Incorporated

Tucker Anthony, Incorporated (CRD #837, New York, New York) received a censure and fine of $78,500. Additionally, the firm was required to revise its written supervisory procedures regarding the Automated Confirmation Transaction ServiceSM (ACTSM) rule compliance, best execution, limit order protection, SEC Order Execution Rules, trade reporting, Small Order Execution System (SOES), record keeping, locked and crossed markets, anti-competitive practices, front-running and short sales; and required to pay $201.99, plus interest, in restitution to public customers. According to the NASD findings, the firm failed to display immediately customer limit orders in Nasdaq securities in its public quotation, when each such order was at a price that would have improved the firm's bid or offer in each such security, or when the order was priced equal to its bid or offer and the national best bid or offer for each such security, and the size of the order represented more than a de minimis change in relation to the size associated with its bid or offer in each such security. The firm accepted the fine and censure but did not admit or deny the accusations.

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