A broker-dealer settled FINRA charges for engaging in a pattern of "displaying, locking or crossing" quotations in connection with OTC equity securities in violation of FINRA Rule 6437 (Prohibition from Locking or Crossing Quotations in OTC Equity Securities) and FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade).
According to the Letter of Acceptance, Waiver and Consent, the broker-dealer agreed to (i) a censure and (ii) a fine of $15,000.
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