SEC Censures OTC Link LLC for Compliance Failures
The SEC censured OTC Link LLC and fined it $575,000 for repeated violations of Regulation SCI, indicating stricter enforcement and potential industry-wide compliance concerns.
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Evidence
- SSEC Press ReleasesRegulator2026-09-23 00:41
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).
- SSEC Press ReleasesRegulator2026-09-23 00:41
According to the SEC’s settled order, between August 2016 and March 2025, OTC Link LLC failed to establish, maintain, and enforce certain written policies and procedures required by Regulation SCI for OTC Link ATS—an alternative trading system for over-the-counter securities that it operates—including policies and procedures pertaining to system security, access control, and application vulnerabi…