FINRA fined Cantor Fitzgerald $2 Million for Regulation SHO violations and accompanying supervisory failures.

SMF Trading was expelled from FINRA whereby an owner of the BD also commonly owned and controlled two foreign unregistered proprietary trading firms that operated as trading funds and engaged in trading activity that included market manipulation and fraud, including layering and spoofing, on multiple markets.

FINRA fined Interactive Brokers LLC (Interactive) $5.5 million for Regulation SHO violations and supervisory failures spanning a period of at least three years.

Morgan Stanley was censured and fined $1,100,000 for market access rule deficiencies. The firm did not properly establish controls reasonably designed to prevent the entry of orders that exceeded pre-set credit thresholds on a customer basis, instead relying on an overall firm credit limit.

FINRA fined ICBC $5.3M for AML violations that included a failure to monitor and detect suspicious transactions. ICBC took on thousands of new introduced accounts (through an introducing broker) for which it cleared and settled the liquidation of more than 33 billion shares of penny stocks.

FINRA – along with the various exchanges – settled with Instinet for a total of $1.575 million for violations of the SEC Market Access rule of customers entering in orders electronically through its MPID.

FINRA fined Aegis Capital $550,000 for failing to have adequate supervisory and AML programs tailored to detect "red flags" or suspicious activity connected to its sale of low-priced securities.

Interactive Brokers was censured and fined $450,000 by BATS for failing to comply with the Market Access rule.