FINRA disciplinary action update 2025/1

Disciplinary decisions issued January 1 – 10, 2025.

BofA Securities censured and fined for alleged inaccurate TRACE reporting

The firm failed to timely report transactions in TRACE-eligible securities and inaccurately reported some transactions without the required .B modifier.

In addition the firm failed to establish and maintain a supervisory system reasonably designed to ensure compliance with its TRACE

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