SEI Investments Distribution Co (SIDCO) has agreed to pay a fine of $150,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).

FINRA’s Trade Reporting and Compliance Engine (TRACE) facilitates the mandatory reporting of certain securities transactions and provides increased price transparency to market participants and investors.

From August 2013 to September 2021, SIDCO failed to report to TRACE approximately 19,160 transactions between itself and another member, Firm A, which acted as an executing broker to fill SIDCO’s customers orders. For approximately 17,130 of these transactions, SIDCO inaccurately reported to TRACE and in customer trade confirmations. its execution capacity.

And from August 2013 to at least September 2021, SIDCO failed to reasonably supervise compliance with TRACE reporting rules.

SIDCO thus violated Exchange Act Rule 10b-10 promulgated under §10(b} of the Securities Exchange Act of 1934, Exchange Act 17(a), Exchange Act Rule 17a-3. NASD Rule 3010 and FINRA Rules 2232, 4511, 3110, 6730, and 2010.

SIDCO was censured and fined $150,000.