D. Weckstein & Co., Inc. (CRD #20338, New York, New York) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured, fined $10,000 and required to revise its written supervisory procedures regarding OATS reporting requirements. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it failed to transmit numerous ROEs to OATS that it was required to transmit. The findings stated that the firm’s supervisory system did not provide for supervision reasonably designed to achieve compliance with applicable securities laws, regulations and FINRA rules concerning OATS reporting requirements.
This information which is publicly available on FINRA’s website has been provided by The White Law Group, LLC.
If you have questions about investments you made with D. Weckstein & Co., Inc., the securities attorneys of The White Law Group may be able to help. To speak with a securities attorney, please call the firm’s Chicago office at 312/238-9650.
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