GTS Securities LLC has agreed to pay a fine of $150,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).
From May 2019 through March 2021, GTS published 23 inaccurate monthly reports of executions of covered orders in National Market System (NMS) securities required under Regulation NMS Rule 605 of the Securities Exchange Act of 1934.
As a result, GTS violated Regulation NMS Rule 605 and FINRA Rule 2010.
In addition, from May 2019 through July 2021, GTS’s supervisory system, including its written supervisory procedures, was not reasonably designed to achieve compliance with Rule 605. As a result, GTS violated FINRA Rules 3110 and 2010.
For these violations, GTS is censured and fined $150,000.
GTS is headquartered in New York, New York and has approximately 130 registered representatives across five branches. GTS is a market-maker in listed equities and options and a proprietary…
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