From November 2008 to September 2020, MarketAxess violated NASD Rules 6230(c)(8) and 2110 and FINRA Rules 6730(a), 6730(c)(8), and 2010 by reporting inaccurate execution times to the Trade Reporting and Compliance Engine (TRACE) on approximately 53,000 transactions and, from 2013 to 2020, reporting 399 of these transactions late. From April 2016 to May 2023, MarketAxess violated MSRB Rule G-14 by reporting inaccurate times of trade for approximately 57,000 municipal security transactions to the MSRB Real-time Transaction Reporting System (RTRS) and reporting 123 of these transactions late. Fr

The Department of Enforcement alleges: SUMMARY 1. In October 2022, Respondent Ishmael Williams, while registered with FINRA through an association with PFS Investments Inc. (CRD No. 10111), falsely certified to the State of New York that he had personally completed the continuing education (CE) required to renew his state insurance license when, in fact, another person had completed that CE on his behalf. As a result of the foregoing, Williams violated FINRA Rule 2010. 2.

Spuhler refused to provide information and documents requested by FINRA pursuant to FINRA Rule 8210. As a result, Spuhler violated FINRA Rules 8210 and 2010 and is barred from associating with any FINRA member in all capacities.