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In July 2014, FINRA announced that INTL FCStone Securities Inc. submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured, fined $70,000, ordered to pay $62,297.13, plus interest, in restitution to customers, and required to revise its Written Supervisory Procedures. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it failed to contemporaneously or partially execute customer limit orders in over the counter 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. The findings stated that the firm’s supervisory system did not provide for supervision reasonably designed to achieve compliance with respect to the applicable securities laws and regulations, and FINRA rules, concerning customer limit order protection.