Nex Systems
Type not stated

Clear Street LLC

Regulator action

United States. Named in 1 sanctions listing.

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Sanctions and listings1

  • Official designation

    Financial Industry Regulatory AuthorityUS FINRA Enforcement ActionsUnited States

    12/17/2025: From January 2022 to June 2023, Clear Street routed options orders for execution with inaccurate origin codes, resulting in the execution of 988,170 options contracts with an origin code of “Customer” that should have been coded “Professional Customer.” These inaccurate origin codes were contained in the firm’s books and records. Therefore, the firm violated Section 17(a) of the Securities Exchange Act of 1934, Exchange Act Rule 17a-3(a)(6)(i), and FINRA Rules 4511 and 2010. In addition, from February 2021 to August 2023, the firm violated FINRA Rules 3110 and 2010 by failing to establish and maintain a system reasonably designed to supervise the accuracy of its options origin codes. For these violations, Clear Street is censured and fined $175,000...

    Reference 2022074845301data-portal.finra.orgfinra.org

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