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Violation Tracker Individual Record

Company: Schonfeld & Company LLC
Penalty: $175,000
Year: 2006
Date: June 29, 2006
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: financial institution supervision failures
Violation Description: NASD fined Trillium Trading LLC of Edison, NJ, eight Trillium traders and Schonfeld & Company LLC of Jericho, NY, a total of $490,000 for entering improper crossed quotes during the NASDAQ Stock Market's opening.
Level of Government: federal
Action Type: agency action
Agency: Financial Industry Regulatory Authority
Civil or Criminal Case: civil
Source of Data: NASD Fines Two Firms and Eight Traders $490,000 for Misusing NASDAQ Trading System, PR Newswire, June 29, 2006 (via Nexis).
Notes: FINRA is a securities industry self-regulatory body authorized by the federal government. This case was handled by its predecessor, the National Association of Securities Dealers (NASD).
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.