Violation Tracker Individual Record
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.
NASD Fines Two Firms and Eight Traders $490,000 for Misusing NASDAQ Trading System, PR Newswire, June 29, 2006 (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).