FINRA's Trade Reporting and Compliance Engine (TRACE) facilitates the mandatory reporting of certain securities transactions and provides increased price transparency to market participants and investors. From February 2022 through February 2023, Stonecrest failed to re-report 96 TRACE-eligible transactions after they were rejected by TRACE. The firm also inaccurately reported an additional 35 transactions to TRACE.

FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS DEPARTMENT OF ENFORCEMENT, Complainant, v. JAMES IANNAZZO (CRD No. 2807988), Respondent. Disciplinary Proceeding No.

FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS DEPARTMENT OF ENFORCEMENT, Complainant, v. KEITH C. BARON (CRD No. 3231494), Respondent. Disciplinary Proceeding No. 2022073772701 Hearing Officer–RES EXTENDED HEARING PANEL DECISION January 15, 2025 Respondent Keith C.

From April 30, 2022, to September 30, 2022, the firm failed to maintain accurate books and records concerning the firm's net capital. During the same period, the firm filed five inaccurate Financial and Operational Combined Uniform Single (FOCUS) reports with FINRA. As a result, the firm violated Section 17(a) of the Securities Exchange Act of 1934, Exchange Act Rules 17a-3 and 17a-5, and FINRA Rules 4511 and 2010. Between May 31, 2022, to July 31, 2022, SBC conducted a securities business while failing to maintain its minimum required net capital.