SG Americas Securities, LLC has agreed to pay a fine of $90,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).

For the period from January 2023 through September 2024, SG Americas published seven inaccurate quarterly reports on its handling of customers’ orders in National Market System (NMS) securities.

As a result, the firm violated Rule 606(a) of Regulation NMS under the Securities Exchange Act of 1934 and FINRA Rule 2010.

From April 2021 through March 2025, the firm’s supervisory system, including written supervisory procedures (WSPs), was not reasonably designed to achieve compliance with Rule 606(a).

As a result, the firm violated FINRA Rules 3110 and 2010.

On top of the $90,000 fine, the firm has agreed to a censure.

SG Americas has been a FINRA member since 2004 and is headquartered in New York; New York. The firm has approximately 800 registered representatives and four branch locations. The firm conducts proprietary and agency equity and options business for institutional customers.