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: 
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Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.