Firm Takes On NASD Reporting System
Lek Securities has criticized the NASD’s reporting system, the Order Audit Trail System (OATS), claiming that technical difficulties with the system keep brokers’ reports from reaching the NASD on time.
Lek attacked OATS in response to an NASD action against the firm, which alleged that Lek was late in submitting trading reports. The broker has argued that it...
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