Violation Tracker Individual Record
NASD ordered Instinet, LLC and INET ATS, Inc. to pay $1.475 million for rule violations relating to publication of inaccurate reports on order execution quality, backing away from the firm's posted quotes, failure to report orders, improper last sale or trade reporting, supervision and other areas.
NASD Fines Instinet and INET ATS $1,475,000 for Inaccurate Execution Quality Reports, Inadequate Supervision and Other Violations, PR Newswire, October 18, 2005 (via Nexis).
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).