{"id":2970,"date":"2015-08-14T00:00:00","date_gmt":"2015-08-14T04:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/firm-focus-liberty-partners-financial-services-llc-fined-by-finra\/"},"modified":"2017-07-27T14:53:29","modified_gmt":"2017-07-27T18:53:29","slug":"firm-focus-liberty-partners-financial-services-llc-fined-by-finra","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/firm-focus-liberty-partners-financial-services-llc-fined-by-finra\/","title":{"rendered":"Firm Focus: Liberty Partners Financial Services, LLC Fined $20,000 by FINRA"},"content":{"rendered":"<h2><a href=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Liberty-Partners-Financial-Services.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1653\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Liberty-Partners-Financial-Services-1024x783.jpg\" sizes=\"auto, (max-width: 1087px) 100vw, 1087px\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Liberty-Partners-Financial-Services-1024x783.jpg 1024w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Liberty-Partners-Financial-Services-300x229.jpg 300w\" alt=\"Liberty Partners Financial Services, LLC Fined by FINRA\" width=\"1087\" height=\"831\" \/><\/a><\/h2>\n<h2><\/h2>\n<h2>Firm Fined and Censured for Failure to Report Required Information<\/h2>\n<p>According to <a href=\"https:\/\/brokercheck.finra.org\/\"  rel=\"noopener\" target=\"_blank\">FINRA\u2019s BrokerCheck<\/a> website, Liberty Partners Financial Services, LLC of Bakersfield, California, put itself in the FINRA spotlight by failing to properly follow its own written supervisory procedures regarding Order Audit Trail System (OATS) reporting. Without admitting or denying the findings, Liberty Partners Financial Services, LLC has consented to sanctions, including the fine and the imposition of a censure.<\/p>\n<p>To clarify, OATS is a system developed by FINRA to ensure that customer orders are transmitted to the marketplace in a timely manner. The system tracks each order through every stage of its life from receipt to execution or cancellation. Every firm is required to submit daily electronic OATS reports to FINRA. In the case of Liberty Partners Financial Services, the firm failed to transmit required information to OATS from January 29, 2007 through November 16, 2007.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/firm-focus-liberty-partners-financial-services-llc-fined-by-finra\/\"  title=\"Continue Reading Firm Focus: Liberty Partners Financial Services, LLC Fined $20,000 by FINRA\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Firm Fined and Censured for Failure to Report Required Information According to FINRA\u2019s BrokerCheck website, Liberty Partners Financial Services, LLC of Bakersfield, California, put itself in the FINRA spotlight by failing to properly follow its own written supervisory procedures regarding Order Audit Trail System (OATS) reporting. Without admitting or denying the findings, Liberty Partners Financial [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[578],"tags":[],"class_list":["post-2970","post","type-post","status-publish","format-standard","hentry","category-all-releases"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Liberty Partners Financial Services, LLC Fined by FINRA<\/title>\n<meta name=\"description\" content=\"Read the blog on Firm Focus: Liberty Partners Financial Services, LLC Fined $20,000 by FINRA. Contact us for free consultation on silverlaw.com.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/firm-focus-liberty-partners-financial-services-llc-fined-by-finra\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Liberty Partners Financial Services, LLC Fined by FINRA\" \/>\n<meta name=\"twitter:description\" content=\"Read the blog on Firm Focus: Liberty Partners Financial Services, LLC Fined $20,000 by FINRA. Contact us for free consultation on silverlaw.com.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Liberty Partners Financial Services, LLC Fined by FINRA","description":"Read the blog on Firm Focus: Liberty Partners Financial Services, LLC Fined $20,000 by FINRA. 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Contact us for free consultation on silverlaw.com.","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/firm-focus-liberty-partners-financial-services-llc-fined-by-finra\/","url":"https:\/\/www.silverlaw.com\/blog\/firm-focus-liberty-partners-financial-services-llc-fined-by-finra\/","name":"Liberty Partners Financial Services, LLC Fined by FINRA","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/firm-focus-liberty-partners-financial-services-llc-fined-by-finra\/#primaryimage"},"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/firm-focus-liberty-partners-financial-services-llc-fined-by-finra\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Liberty-Partners-Financial-Services-1024x783.jpg","datePublished":"2015-08-14T04:00:00+00:00","dateModified":"2017-07-27T18:53:29+00:00","author":{"@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"description":"Read the blog on Firm Focus: Liberty Partners Financial Services, LLC Fined $20,000 by FINRA. 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