In the Matter of Intesa Sanpaolo IMI Securities Corp.

Intesa Sanpaolo IMI Securities Corp. allegedly failed to accurately report to the Trade Reporting and Compliance Engine (TRACE) its execution capacity on over 7,000 TRACE-eligible transactions and failed to report to TRACE over 4,000 non-member affiliate transactions. The firm allegedly issued over 11,000 customer trade confirmations to customers that omitted the price of the security. The firm allegedly did not establish, maintain, and enforce a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with trade confirmation disclosure requirements, according to FINRA.

Summary generated from official Financial Industry Regulatory Authority press release