Violations That Generally Are Not Subject to Censure When Monetary Sanctions of $7,000 or Less Are Imposed
Quality of Markets Violations
• ACT Violations—FINRA Rules
[7210A]–
[7280A],
7310–
7380 and
[7110B]–
[7170B]
• Backing Away
• Best Execution and Interpositioning
• Confirmation of Transactions (SEC Rule 10b-10)
• ECN Display Rule
• Failure to Display Minimum Size in NASDAQ® Securities, CQS Securities, and OTC Bulletin Board® Securities
• Fixed Income Pricing SystemSM—Trade Reporting and Participant and Quotation Obligations
• Limit Order Display Rule
• Limit Order Protection Rule
• Locked/Crossed Market
• Options Exercise and Positions Limits
• Options Positions Reporting—Late Reporting and Failing to Report
• Order Audit Trail System (FINRA Rules
7400–
7460)
• Passive Market Making
• Short Sale Violations
• SOESSM Rules
• Trades Executed During a Trading Halt
• Trade Reporting—Late Reporting; Failing to Report; Inaccurate Reporting
• 1% Rule—SEC Rule 11Ac1-1(c)(1)
Qualification and Membership Violations
• Continuing Education—Firm Element
• Continuing Education—Regulatory Element
• Registration Violations
Reporting/Provision of Information Violations
• FOCUS Reports—Late Filing
• Form BD-Y2K Reports—Late Filing
• Forms U-4/U-5—Late Filing; Failing to File; Filing Inaccurate Forms or Amendments
• MSRB Rule G-36—Untimely Filing of Offering Documents with MSRB; Late Filing; Failing to File
• Reportable Events Under NASD [Rule 3070]—Late Reporting; Failing to Report; Filing Inaccurate Reports
• MSRB Rule G-37 Reporting—Late Filing; Failing to File
• Regulation M Reports—Late Filing; Failing to File
• Request for Automated Transmission of Trading Data (Blue Sheets)—Failure to Respond in a Timely and Accurate Manner
Financial and Operational Practices Violations
• Customer Protection Rule violations
• Net Capital violations
• Recordkeeping violations
• Violations of SEC Rule 17a-11 (Notification Provisions for Broker-Dealers) Supervision Violations
• Supervisory Procedures—Deficient Written Supervisory Procedures
1. Additionally, censures generally will not be imposed for violations disposed of under the Minor Rule Violation Plan pursuant to FINRA Rules 9216 and 9217.