G1 Execution Services, LLC (G1X) has agreed to pay a fine of $175,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).
Between January 2020 and February 2021, G1X failed to timely report a total of 1,618,525 transactions in National Market System (NMS) securities to the Nasdaq Trade Reporting Facility and the NYSE Trade Reporting Facility, in violation of FINRA Rules 6380A(a), 6380B(a), and 2010.
Between December 2020 and February 2021, G1X also failed to timely report 125,446 transactions in over-the-counter (OTC) securities to the Over-the-Counter Trade Reporting Facility, in violation of FINRA Rules 6622(a) and 2010.
On top of the fine, the firm has agreed to a censure.
G1X has been a FINRA member since June 2001. The firm is headquartered in Chicago, Illinois and has two branches with approximately 50 registered representatives. The firm is a retail market maker and offers…
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