KCG Holdings (KCG)

[fourkids_9pets]

from finra .... page 8

http://www.finra.org/web/groups/industry/@ip/@enf/@da/documents/disciplinaryactions/p121119.pdf

gee great job *finra* .. sheesh that 112k+ *fine*
really hurts NITE .. eh? yeah what did NITE write
off last year in their annual for FTD'S?

truly what a mucked up system in place
who is the hen and who is the fox

seriously us entities have become a world wide *joke*
open to all sorts of exploitation .. try *getting* current
with the technology options actually available today and
make *cross* checks between the sec/finra and the pcaob
*mandatory* .. don't forget to take the time for *commentary*

christ



Knight EquityMarkets, L.P. (CRD #38599, Jersey City, New Jersey) submitted a Letter of
Acceptance,Waiver and Consent in which the firm was censured and fined $112,500.
Without admitting or denying the findings, the firm consented to the described
sanctions and to the entry of findings that it transmitted ROEs to OATS that OATS
rejected for context or syntax errors and failed to repair some of the rejected ROEs, and
transmitted reports to OATS that were submitted with an improper exception code, and
failed to indicate that transactions were short sales. The findings stated that the firm
transmitted Execution Reports to OATS that contained inaccurate branch sequence
numbers. The findings also stated that the firm failed to report to the NMC the correct
symbol indicating that transactions in reportable securities were short sales and
whether the transactions were buy, sell, sell short or cross. The findings also included
that the firmexecuted short sale orders and failed to properly mark the orders as short.
FINRA found that the firm failed to report to the NASD/NASDAQ Trade Reporting
Facility (NNTRF) the correct symbol indicating the contra correspondent’s capacity for
transactions in reportable securities. (FINRA Case #2006004129901)

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4kids
all jmo