Emmet & Co., Inc. (CRD #15993, Far Hills, New Jersey) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $17,500. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it failed to report information regarding transactions effected in municipal securities to the RTRS within 15 minutes of trade time to an RTRS Portal. The findings stated that the firm failed to report the correct trade time to the RTRS in reports of transactions in municipal securities. The findings also stated that the firm failed to show the correct execution time on memoranda of transactions in municipal securities executed with another broker or dealer.
This information which is publicly available on FINRA’s website has been provided by The White Law Group, LLC.
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