Boenning & Scattergood, Inc. (CRD #100, West Conshohocken, Pennsylvania) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $50,000. Without admitting or denying the findings that it reported short interest positions when it should not have reported any short interest position for these securities. The findings stated that the firm’s supervisory system did not provide for supervision reasonably designed to achieve compliance with FINRA and NASD rules regarding short-interest reporting.
This information which is publicly available on FINRA’s website has been provided by The White Law Group, LLC.
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