Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
FINRA Slaps $100k Penalty on Dealerweb for TRACE Violations
Abstract：The penalty is for inaccurate TRACE transaction reports and deficient supervisory system. Dealerweb paid $37,500 to FINRA for various TRACE violations between 2013 and 2017.
The Financial Industry Regulatory Authority (FINRA) has slammed a $100,000 fine on Dealerweb Inc., operator of an electronic interdealer platform for mortgage-backed securities.
Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments.The self-regulatory organization said Dealerweb inaccurately reported approximately 180,000 transactions in TRACE-eligible securities to its Trade Reporting and Compliance Engine (TRACE) between July 2016 and December 2020.
FINRA, which supervises brokerage firms in the United States, added that Dealerweb reported these transactions without including the No Remuneration (NR)' indicator when in fact they were qualified for the tag.
The electronic marketplace operators supervisory system was also not reasonably designed between July 2016 and March 2022 to report TRACE-compliant securities transactions, the watchdog said.
FINRA disclosed these in an Acceptance, Waiver, and Consent (AWC) agreement signed by Dealerweb on October 3 and accepted by the market supervisor on October 17.
More Details
According to FINRA, Dealerweb operated an alternative trading system (ATS) and a voice interdealer trading desk between July 2016 and December 2020.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Long
Short
Slippage
Leverage
Indicator
Quoted currency
Roll-Over
US Non-farm Payrolls
Broker
Clearing
Commission
Currency Pair
Dealer
Future
Inflation
Arbitrage
Spot Market
Spot Price
Contract
Interest
Net Position
Devaluation
BOE
PBOC
Volume
Liquidity
Margin
knowledge
Learn basic forex
Forex trading
Forex margin
Forex Chart
Forex indicator
support and resistance
Forex Broker
Forex strategy
Forex Currency pair
Forex Analysis
Forex news
leverage in forex
forex pips
Basic forex knowledge
forex market
forex beginners
FSCA
monetary policy
mortgage-backed securities
interest rates
inflationary
Non-farm payrolls
Ramadan
Stock
Read more
Hankotrade Exposed: Does it Harm Traders with Manipulated MT4 Chart and High Spreads & Slippage?
Have you witnessed a manipulated MT4 chart on Hankotrade login, showing inaccurate trading figures? Have you been victimized by high swap fees, inflated spreads, and massive slippage? Is the payment processing time too long at Hankotrade? Do you face downtime issues, especially when the New York trading session is on? These are some top complaints against the Belize-based forex broker. In this article, we have shared these complaints. Take a look!
Original 5h
Cloudflare Outage Disrupts Broker Websites and Crypto Platforms
Cloudflare outage causes widespread disruption to broker websites and crypto platforms, highlighting risks in web infrastructure reliance.
Original 7h
Interactive Brokers Expands Access to Taipei Exchange
Interactive Brokers adds Taipei Exchange trading, giving clients access to equities, ETFs, and TDRs with seamless FX conversion and Asian market exposure.
Original 7h
IG Group Expands French Stock Trading with Upvest
IG Group partners with Upvest to launch stock and ETF trading in France, boosting its European expansion amid rising broker competition.
Original 7h
WikiFX Broker
Latest News
Trillium Financial Broker Exposed: Top Reasons Why Traders are Losing Trust Here
WikiFXFIBO Group Ltd Review 2025: Find out whether FIBO Group Is Legit or Scam?
WikiFXAmillex Withdrawal Problems
WikiFXIs INGOT Brokers Safe or Scam? Critical 2025 Safety Review & Red Flags
WikiFX150 Years Of Data Destroy Democrat Dogma On Tariffs: Fed Study Finds They Lower, Not Raise, Inflation
WikiFXCQG Partners with Webull Singapore to Power the Broker’s New Futures Trading Offering
WikiFX【WikiEXPO Global Expert Interviews】Ashish Kumar Singh: Building a Responsible and Interoperable Web3
WikiFXTrump: India\s US exports jump despite 50% tariffs as trade tensions ease
WikiFXIEXS Review 2025: A Complete Expert Analysis
WikiFXCySEC Flags 21 Unauthorized Broker Websites in 2025 Crackdown
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate