Bloomberg Tradebook LLC (CRD #40881, New York, New York)
was censured, fined $140,000 and required to revise its written supervisory
procedures (WSPs) by FINRA. Allegedly, Bloomberg Tradebook LLC executed short sale and short sale exempt transactions, and failed to report each of these transactions to the FINRA/NASDAQ Trade Reporting Facility (FNTRF) with a short sale or short sale exempt modifier.
FINRA's findings stated that allegedly Bloomberg Tradebook’s supervisory system did not provide for supervision reasonably designed to achieve compliance with respect to the applicable securities laws and regulations and FINRA rules. Bloomberg Tradebook’s WSPs failed to provide the minimum requirements for the accurate reporting of short sales and short exempt sales to the FNTRF.
FINRA Case (#2012033435501)
This ends the summation of information from FINRA's "Disciplinary and Other FINRA Actions January 2015."
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