Violation Tracker Individual Record
NASD Regulation, Inc., announced that Knight Securities L.P., had been censured, fined $700,000 and directed to pay $800,000 to clients of the firm. The sanctions were imposed for wide-ranging market making and trading violations, including failure to honor posted quotes and to accurately report trades to the NASD.
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).