newsfilter
← Latest News
SEC Press Releases·

SEC Censures OTC Link LLC for Repeated Compliance Failures Related to Regulation SCI

  • The SEC censured OTC Link LLC & ordered the New York-based broker dealer to pay a $575,000 civil penalty.
  • The penalty addresses longstanding violations of Regulation Systems Compliance and Integrity (SCI) occurring between August 2016 & March 2025.
  • OTC Link LLC failed to establish, maintain, or enforce written policies for system security, access control, vulnerability management, testing, & remediation for its OTC Link ATS.
  • SEC Division of Examinations staff flagged these deficiencies multiple times during the period, yet the firm repeatedly failed to promptly remediate them.
  • The SEC found that OTC Link LLC violated Rules 1001(a)(1), 1001(a)(2), & 1001(a)(3) by lacking adequate policies for system capacity, integrity, resiliency, availability, & security.
  • OTC Link LLC agreed to the cease-and-desist order, censure, & penalty without admitting the findings.