SEC Censures OTC Link LLC for Repeated Compliance Failures Related to Regulation SCI
Why this matters
This is a settled enforcement action by the SEC against OTC Link LLC, a specific broker dealer, for longstanding violations of Regulation SCI (Systems Compliance and Integrity). The action includes a material civil penalty ($575,000) and censure. While it targets one firm, Regulation SCI violations are material to all trading venues and market participants, making this a significant enforcement precedent. The focus on systems compliance and integrity directly supports Operational Resilience/Outsourcing and Reporting & Disclosure topics. Urgency is high because it represents an enforcement outcome with compliance implications for the sector.
AI-generated classification rationale, not a full analysis. Verify with the original SEC source before acting. Full disclaimer.
What the SEC said
The Securities and Exchange Commission today censured New York-based broker dealer OTC Link LLC and ordered it to pay a $575,000 civil penalty for longstanding violations of Regulation Systems Compliance and Integrity (SCI).According to the SEC’s settled…
Published by SEC . Read the full notice at the source for the authoritative text.
Context
Securities and Exchange Commission (SEC) — Primary regulator of US securities markets. We track 295 updates from them.
US financial regulation is overseen by multiple agencies including the SEC, CFTC, Federal Reserve, OCC and FDIC. Browse all United States updates.
This update is classified under Operational Resilience / Outsourcing, Reporting & Disclosure and Capital Markets & Trading.