Violation Tracker Individual Record
NASD fined State Street Global Markets, LLC $1.4 million for violations relating to the reporting of corporate and municipal bond trades. State Street Global, a subsidiary of Boston-based State Street Corporation, was cited for failing to report thousands of corporate bond trades to NASD's Trade Reporting and Compliance Engine (TRACE) and hundreds of municipal bond trades to the Municipal Securities Rulemaking Board (MSRB) over a 17-month period.
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).