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FINRA, Bats, NASDAQ, and NYSE Fine Firms for Market Access Rule Violations

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WASHINGTON — Four firms have been censured and fined a total of $4.75 million for violations of various provisions of Rule 15c3-5 of the Securities Exchange Act of 1934 (known as the Market Access Rule) and related exchange supervisory rules. The actions were taken by the Financial Industry Regulatory Authority (FINRA), along with Bats, a CBOE Holdings company; The NASDAQ Stock Market LLC; the New York Stock Exchange; and their affiliated Exchanges (collectively, “Exchanges”). The firms involved in these matters are Deutsche Bank Securities Inc., Citigroup Global Markets Inc., J.P.


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