BMO Capital Markets Corp has agreed to pay a fine of $300,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).

From January 2021 through June 2025, BMO CMC failed to timely report approximately 2,400 securities transactions and inaccurately reported approximately 323,000 securities transactions to FINRA’s Trade Reporting and Compliance Engine (TRACE), violating FINRA Rules 6730 and 2010.

During that period, BMO CMC failed to establish, maintain, and enforce a supervisory system, including written supervisory procedures (WSPs ), that was reasonably designed to achieve compliance with TRACE reporting obligations, violating FINRA Rules 3110 and 2010.

On top of the $300,000 fine, the firm has agreed to a censure.

BMO CMC has been a FINRA member since 1985. The firm employs more than 1,100 registered representatives in 25 branch offices and is headquartered in New York, New York. The firm is a self-clearing, institutional broker-dealer providing investment banking and brokerage services to corporate, institutional, and affiliate clients. Its business focuses primarily on trading in equities, government agency securities, and investment-grade corporate bonds.