Coastal and Staff to Pay $6M Penalty

DeSue, Tedra
August 2003
Bond Buyer;8/05/2003, Vol. 345 Issue 31692, p1
Trade Publication
Reports that Coastal Securities Corp. and its officials, who made up Duncan Williams Inc., are ordered to pay for damages and other costs for allegedly taking client records and proprietary information with them during their departure from the company. Officials who are ordered to pay for the damages; Denial of the charges by Coastal Securities Corp. and its officials; Criticism of the allegations by Duncan Williams Inc.


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