From May 2019 through March 2021, GTS published 23 inaccurate monthly reports of executions of covered orders in National Market System (NMS) securities required under Regulation NMS Rule 605 of the Securities Exchange Act of 1934. As a result, GTS violated Regulation NMS Rule 605 and FINRA Rule 2010. In addition, from May 2019 through July 2021, GTS’s supervisory system, including its written supervisory procedures, was not reasonably designed to achieve compliance with Rule 605. As a result, GTS violated FINRA Rules 3110 and 2010. For these violations, GTS is censured and fined $150,000.

In October 2024, Casado refused to produce information and documents as requested pursuant to FINRA Rule 8210. Therefore, Casado violated FINRA Rules 8210 and 2010 and is barred from associating with any FINRA member in all capacities.

On January 28, 2025, McLendon refused to provide documents and information requested pursuant to FINRA Rule 8210. As a result, he violated FINRA Rules 8210 and 2010 and is barred from associating with any FINRA member in all capacities.

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.