Elevation, LLC was fined $75,000 for failing to establish and maintain a supervisory system, including WSPs, reasonably designed to achieve compliance with applicable federal securities laws and FINRA rules prohibiting fraudulent trading in equity securities.

Four firms — M1 Finance LLC, Open to the Public Investing, Inc., SoFi Securities LLC, and SogoTrade, Inc. — were fined a combined $2.6 million, including over $1 million in restitution to retail customers enrolled in fully paid securities lending programs and fines of $1.6 million for the firms’ related supervisory and advertising violations.

Alterna Securities, Inc. was fined $32,500 for failing to maintain a supervisory system, including WSPs, was not reasonably designed to surveil for potentially manipulative pre-arranged trades.

Puma Capital was fined $100,000 in that, despite receiving a warning from FINRA, the firm had no policy or process to determine whether the intermarket sweep orders (ISOs) it routed were received and executed as intended by the venues to which it directed them.

Tradition Securities and Derivatives LLC was fined $140,000 in that it failed to record transmission times and to include the correct exchange of execution on its order tickets.

BGC Financial, L.P. fined $200,000 for failing to establish and maintain a supervisory system reasonably designed to detect potential spoofing and layering in equity securities.

BofA Securities, Inc. was fined $24 million for engaging in more than 700 instances of spoofing through two former traders in U.S. Treasury secondary markets and related supervisory failures spanning more than six years.

Maxim Group LLC was fined $500,000 for failing to maintain and enforce written procedures, reasonably designed to achieve compliance with Section 5 of the Securities Act.

Goldman Sachs & Co. LLC was fined $6 million dollars for having submitted blue sheets to FINRA that inaccurately reported one or more of 39 separate types of transaction information.

Citadel Securities was fined $7 million for incorrectly marking millions of orders over a 5-year period, inaccurately denoting that certain short sales were long sales and vice versa.

Citigroup Global Markets Inc. fined $250,000 in that it issued inaccurate trade confirmations to customers in connection with its principal trading activity on its alternative trading system (ATS).

Electronic Transaction Clearing, Inc. fined $3 million dollars for failing to reasonably supervise for potentially manipulative trading.

The SEC settled charges with Citadel Securities LLC for a $7 million penalty for violating a provision of Regulation SHO, the regulatory framework designed to address abusive short selling practices, which requires broker-dealers to mark sale orders as long, short, or short exempt.

Instinet, LLC was fined a total of $450,000 for violating Rule 611(c) of Regulation National Market System (Regulation NMS) of the Securities Exchange Act of 1934 and FINRA Rule 2010 by failing to take reasonable steps to establish that the intermarket sweep orders (ISOs) it routed to certain market centers met the requirements set forth in Exchange Act Rule 600(b)(31).

BGC Financial was fined $50,000 for failing to include two proprietary accounts in calculations of its overall net position in equity securities (e.g., “short” or “long”) being sold, which ultimately caused certain orders to be mismarked under Regulation SHO Rule 200(g).

Open to the Public Investing was fined $500,000 for failing to meet its best execution obligations.

Evercore Group was fined $100,000 for failing to establish, document, and maintain reasonably designed credit threshold controls.

J.P. Morgan Securities LLC was fined a total of $750,000 for findings that its financial risk management controls and supervisory procedures were not reasonably designed to prevent certain erroneous orders that exceeded appropriate price or size parameters.

Goldman Sachs & Co. was fined $3,000,000 for erroneously mismarking and routing certain sell orders. The findings stated that the firm mismarked approximately 60 million short sell orders as long, of which 26,944,700 were sent to an ATS.

Fenix Securities, LLC was fined $100,000 - and required to certify that it has remediated the issues identified in the AWC and implemented a supervisory system, including WSPs, and a documented system of risk management controls, including pre-order erroneous order controls, reasonably designed to achieve compliance with SEA Rule 15c3-5- for failing to establish, document, and maintain a system of risk management controls reasonably designed to manage the financial risks of its market access business activity.