SEC — Press releases·· 27 days agoSelectedAI score69
SEC censures OTC Link LLC and fines it $575,000 for ongoing violations of Regulation SCI
SEC Censures OTC Link LLC for Repeated Compliance Failures Related to Regulation SCI
AI brief
AI-assisted source summary · not independently verified. Content standards
SEC censured New York broker-dealer OTC Link LLC and imposed a $575,000 civil penalty for its long-term violations of Regulation SCI in operating the OTC Link ATS.
Why it matters
The case clearly involves missing written policies and procedures under Regulation SCI covering system security, access controls, and vulnerability management, helping explain remediation obligations and the scope of penalties following regulatory examinations.
Source:SEC — Press releases · sec.gov