Vision Financial Markets LLC has agreed to pay a fine of $250,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).

At certain times between April 2020 and November 2022, Vision failed to accurately calculate its required customer reserve and its required reserve for proprietary accounts of broker-dealers (PABs).

The firm’s inaccurate calculations on these occasions caused its reserve accounts to be underfunded, resulting in hindsight deficiencies. This also caused the firm to maintain inaccurate books and records and to file inaccurate Financial and Operational Combined Uniform Single (FOCUS) reports.

Through this conduct, Vision violated Sections 15(c)(3) and 17(a) of the Securities Exchange Act of 1934, Exchange Act Rules 15c3-3, 17a-3, 17a-4, and 17a-5, and FINRA Rules 4511 and 2010.

From April 2020 to April 2025, Vision also violated FINRA Rules 3110 and 2010 by failing to establish and maintain a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with its reserve obligations.

On top of the $250,000 fine, Vision has agreed to a censure.

Vision has been a FINRA member since 2008. Vision is headquartered in Stamford, Connecticut and has six branches with approximately 50 registered representatives. Vision provides clearing services in equities, options, and fixed income to day traders and institutional customers.