Flow Traders U.S. Institutional Trading LLC has agreed to pay a fine of $75,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).

Between July 2019 and January 2023, Flow Traders inaccurately reported over 103,000 transactions to the Trade Reporting and Compliance Engine (TRACE) without the required No Remuneration (NR) indicator, in violation of FINRA Rules 6730(d)(1) and (d)(4)(F) and 2010.

During the same period, Flow Traders also failed to establish and maintain a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with FINRA Rules 6730(d)(1) and (d)(4)(F), in violation of FINRA Rules 3110(a), 3110(b), and 2010.

On top of the $75,000 fine, the firm has agreed to a censure.

Flow Traders became a FINRA member in May 2016. Headquartered in New York, New York, the firm maintains two branch offices and employs approximately 30 registered representatives. Flow Traders is an agency execution firm.