MORGAN STANLEY & CO. LLC
536. RECORDKEEPING REQUIREMENTS FOR PIT, GLOBEX AND NEGOTIATED TRADES
F. CTR Enforcement Program and Sanction Schedule
(In pertinent part)
The Market Regulation Department will conduct audits of clearing members in order to verify the accurate recording and submitting of required audit trail information.
Pursuant to the results of a back office CTR exam, for trade dates February 23, 2021 through March 31, 2021, Morgan Stanley & Co. LLC’s data entry errors for sequenced cards, verbal orders, and floor orders exceeded the 10% threshold level mandated by Rule 536.F.
Pursuant to the Rule 536.F sanction schedule, Morgan Stanley & Co. LLC was issued a $2,500 fine on August 19, 2021 for its first violation of Rule 536.F. within 24 months.
August 24, 2021