2024082010601 Navaid Financial Services, Inc. CRD 42607 AWC lp.pdf
From May 29, 2018 through July 23, 2024, Navaid failed to include the Non-Transaction-
Based Compensation (NTBC) indicator when reporting 12,066 municipal securities
transactions to the MSRB’s Real-Time Transaction Reporting System (RTRS), in
violation of MSRB Rule G-14.
Additionally, from at least May 29, 2018 to June 30, 2025, the firm failed to establish and
maintain a supervisory system, including written supervisory procedures, that was
reasonably designed to ensure compliance with MSRB Rule G-14, in violation of MSRB
Rule G-27.
For these violations, Navaid is censured and fined $35,000.