B-D fined $125K for Reg SHO

Rather than responding to the clearing firm’s concerns with an inquiry into the risks identified by the clearing firm, which may have led to the filing of one or more SARs, Celadon ignored the regulatory issues raised by its clearing firm and simply attempted to get additional time to find another clearing firm that would allow it to continue to execute the transactions that its clearing firm identified as raising regulatory concerns

To view this content, you need to sign in.


You should only be asked to sign in once. Not the case? Click here


Register now to access this content and more for free.