UBS Securities LLC fined a total of $520,000 for findings that it included securities positions of a foreign affiliate when calculating the net positions of independent trading units.

Wedbush Securities Inc. fined a total of $900,000 for failing to comply with Rules 204(a), (b) and (c) of Regulation SHO.

Vision Brokerage Services, LLC & Vision Financial Markets LLC were fined, jointly and severally, a total of $850,000 for failing to develop and implement an AML program reasonably designed to achieve and monitor the firms’ compliance with the Bank Secrecy Act, i.e. trade surveillance.

Glendale Securities, Inc. was fined $50,000 for failing to develop and implement an anti-money laundering (AML) compliance program reasonably designed to detect and report suspicious transactions.

BofA Securities Inc. (BofAS) was fined $5 million for failing to report over-the-counter (OTC) options positions to the Large Options Positions Reporting system (LOPR) in more than 7.4 million instances, including 26 positions that were over the applicable OTC position limit, and related supervisory failures.

MM Global Securities, Inc. was fined $450,000 for failing to establish and implement an AML compliance program reasonably designed to detect and cause the reporting of suspicious activity, including manipulative trading, such as wash trades, matched orders, spoofing, or layering.

Joseph Stone Capital LLC was ordered to pay restitution of approximately $825,000 to customers whose accounts were excessively traded by the firm’s representatives. In related settlements, FINRA suspended eight current or former Joseph Stone representatives and required them to pay restitution. In addition, FINRA suspended three supervisors at the firm for failing to reasonably identify or respond to red flags of excessive trading, and barred two representatives for refusing to respond to FINRA’s requests for information in connection with the investigation.

UBS Securities LLC was fined $2.5 million for Regulation SHO (Reg SHO) violations and supervisory failures spanning a period of nine years.

ViewTrade Securities was fined $250,000 for failing to establish and implement a written AML program reasonably expected to detect and cause the reporting of suspicious transactions.

Gar Wood Securities was fined $100,000 for failing to comply with the locate requirement of Rule 203 of Regulation SHO of the Exchange Act whereby the firm inadvertently configured its delivery-versus-payment (DVP) client accounts to allow short sale orders entered into the firm’s order management systems (OMS) to route for execution without obtaining locates.

Sagetrader, LLC was fined a total of $775,000 for failing to reasonably supervise for potentially manipulative trading on its platforms.

Barclays Capital Inc. was fined $2.8 million for inaccurately disclosing its execution capacity, the customer price, or whether the trade was executed on an average price on an estimated 245.4 million confirmations and also recorded an inaccurate market center of execution on an estimated 24.8 million confirmation records.

National Securities Corporation was fined $9 million for attempting to artificially influence the market for offered securities and another $3.6 million for failing to disclose material information to customers who purchased private placements.

SunTrust Robinson Humphrey, Inc. nka Truist Securities, Inc. was censured and fined $1,250,000 for engaging in principal trading designed to increase the trading volume in certain securities and overstated its advertised trading volume in those securities.

ETC was fined a total of $70,000 for failing to establish and maintain a supervisory system reasonably designed to achieve compliance with Rule 200(g) of Regulation SHO in that it no supervisory system reasonably designed to check that it was correctly marking sell orders.

UBS Securities LLC was fined a total of $250,000 for providing market access to two affiliates without accounting for those affiliates in its financial risk management controls.

The Securities and Exchange Commission charged 16 defendants, located in the Bahamas, the British Virgin Islands, Bulgaria, Canada, the Cayman Islands, Monaco, Spain, Turkey, and the United Kingdom, for participating in multi-year fraudulent penny stock schemes that generated more than $194 million in illicit proceeds.

Barclays Capital Inc. was fined $350,000 for failing to apply market access controls and procedures to orders routed by one of its risk management systems because it mistakenly treated that system as not having order entry and execution capabilities.

Liquidnet, Inc. was fined $50,000 for publishing inaccurate data in monthly reports it was required to publish pursuant to Regulation NMS Rule 605.

First Manhattan Co. was fined $250,000 for failing to establish and maintain a supervisory system reasonably designed to achieve compliance with Section 5 of the Securities Act. The findings stated that the firm’s WSPs were not reasonably designed to avoid becoming a participant in the potential unregistered distribution of securities.