A broker-dealer settled FINRA charges for the delayed reporting of municipal securities transactions.
According to FINRA, Dinosaur Financial Group LLC ("Dinosaur") failed to report in a timely manner and/or correctly report 892 TRACE-eligible securities transactions between October 2015 and September 2017. Additionally, Dinosaur allegedly backdated Real-Time Transaction Reporting System reports on several occasions.
Dinosaur agreed to pay a fine of $200,000 and to enhance its supervisory systems and procedures.
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