2023077775501 SG Americas Securities, LLC CRD 128351 AWC lp (2025-1751761200809).pdf

From July 2017 through August 2023, SGAS inaccurately reported 166,421 transactions to FINRA’s Trade Reporting and Compliance Engine (TRACE), in violation of FINRA Rules 6730 and 2010. In addition, from July 2017 through January 2025, the firm failed to establish, maintain, and enforce a supervisory system, including written supervisory procedures, reasonably designed to achieve compliance with the firm’s TRACE reporting obligations, in violation of FINRA Rules 3110 and 2010. For these violations, the firm is censured and fined $275,000.

SR-FINRA-2025-007

Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to modify the implementation schedule of amendments adopted in SR-FINRA-2024-019 with respect to fees for filing documents pursuant to the securities offering rules under Section 7 of Schedule A to the FINRA By-Laws.

Waterview Securities, Inc. Comment On Regulatory Notice 25-06

A.1 Should CABs be permitted to engage in a broader range of M&A and private placement activities than currently specified in the CAB rules? 

Answer: Probably not.

A.2 CABs may not act as an agent for secondary transactions involving unregistered securities, other than in connection with the change of control of a privately held company. Should CABs be permitted to act as placement agents in connection with other types of secondary transactions involving unregistered securities? 

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