Etrade just had its hand slapped for mismarking tr

Etrade just had its hand slapped for mismarking trades, I wonder who is next. How about a 10 day suspension of trading when caught instead of a wrist slap fine regulators? Somehow I think the threat of that would be much more likely to work as a deterrent.

"G1 Execution Services, LLC fka E*Trade Capital Markets LLC (Chicago, Illinois) was censured, fined $25,000 and ordered to pay $121.46, plus interest, in restitution to customers. The firm consented to the described sanctions and to the entry of findings that it executed numerous short sale transactions for which it failed to include the short sale modifier in the report of each of these transactions to the FNTRF or the OTCRF. The findings stated that the firm failed to execute, or failed to contemporaneously or partially execute, limit orders in NASDAQ securities after it traded each subject security for its own market-making account at a price that would have satisfied each customer’s limit order. (FINRA Case #2010022867501) "

http://blog.rexsecuritieslaw.com/2013/04/16/20130415.aspx

Go JBII!!!