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Violation Tracker Individual Record

Company: BRUT LLC
Current Parent CompanyNasdaq Inc.
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $2,200,000
Year: 2006
Date: August 3, 2006
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: financial institution supervision failures
Violation Description: NASD ordered BRUT, LLC to pay $2.2 million for rule violations relating to publication of erroneous order execution quality reports, backing away from the firm's posted quotes, failure to maintain two-sided quotations, failure to comply with the rules applicable to trade-throughs and locked and/or crossed markets, non-retention of emails,
Level of Government: federal
Action Type: agency action
Agency: Financial Industry Regulatory Authority
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data(click here)
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.