Financial Northeastern Securities, Inc. has agreed to pay a fine of $60,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).

From January 2022 through June 2024, Financial Northeastern violated FINRA Rules 6730(a) and 2010 by failing to timely report to the Trade Reporting and Compliance Engine (TRACE) approximately 1,000 transactions in TRACE-eligible corporate debt securities.

For these violations, Financial Northeastern was censured and fined $60,000.

Financial Northeastern, a FINRA member since 1987, is headquartered in Fairfield, New Jersey. The firm employs approximately 35 registered representatives in three branch offices. The firm’s business consists primarily of fixed-income securities, including investment-grade corporate debt securities, brokered certificates of deposit, government agency securities, and municipal bonds.