Broker-dealer OTC Link LLC has agreed to pay $575,000 to settle allegations that it repeatedly failed to create and enforce compliance policies and procedures for one of its trading platforms, which handles over-the-counter (OTC) stocks, the US Securities and Exchange Commission (SEC) announced.
OTC Link has been registered with the SEC as a broker-dealer since 2012 and is an indirect wholly owned subsidiary of OTC Markets Group. OTC Link operates five alternative trading systems, including OTC Link ATS, according to the settled order issued Tuesday.
