Story perspectives
Stonecrest Capital Markets Fined $45,000 for Reporting Violations
2/13/2025
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Story summary
- Stonecrest Capital Markets, Inc. faces a $45,000 fine from FINRA due to reporting violations.
- Between February 2022 and February 2023, the firm failed to re-report 96 TRACE-eligible transactions and misreported 35 others.
- A deficient supervisory system contributed to non-compliance with TRACE requirements.
- Established in February 1996, Stonecrest is based in Austin, Texas.
