The T3 Trading Group, LLC, agreed to pay a fine of $ 175,000 as part of a settlement with the Financial Industry Regulatory Authority (Finra).
From April 2020 to April 2025, T3 failed to comply with its obligation to publish quarterly reports on the management of customers in the National Market (NMS).
T3 failed to publish such reports from April 2020 to July 2021. Then, from July 2021 to April 2025, the company published quarterly reports that did not contain or too little information about the disclosure of the business.
As a result, the Company violated the rule 606 (a) NMS regulations in accordance with the 1934 Mobile Exchange Act and the Finra 2010 rule.
In addition, since January 2020, T3 has failed to create and maintain a supervisory system, including written supervisory procedures (WSPS), which is reasonably designed to achieve compliance with Article 606 (a) of the NMS Regulation.
Because of this, the company has violated the Finra 3110 and 2010 rules.
For these violations, T3 is doomed, imposes a fine of $ 175,000 and consents to a business to take corrective measures.
The T3 has been a member of Finra since October 2019. The company is based in New York, New York, has four branches and employs about 200 registered representatives. The company mainly deals with daily transactions and privately owned shareholder transactions, shareholders and future contracts. Since January 2020, the company has also maintained a business line that is negotiating on retail day.