SG Americas Securities, LLC (SGAS) has agreed to pay a fine of $275,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).

From July 2017 through August 2023, SGAS inaccurately reported 166,421 transactions to FINRA’s Trade Reporting and Compliance Engine (TRACE), in violation of FINRA Rules 6730 and 2010.

In addition, from July 2017 through January 2025, the firm failed to establish, maintain, and enforce a supervisory system, including written supervisory procedures, reasonably designed to achieve compliance with the firm’s TRACE reporting obligations, in violation of FINRA Rules 3110 and 2010.

On top of the $275,000 fine, the firm has agreed to a censure.

SGAS has been a FINRA member since April 2004. The firm is headquartered in New York, New York, and employs approximately 800 registered representatives operating out of four active branch locations.