NASD Fines First Commonwealth for G-37 Reporting Failures

Hume, Lynn
May 2004
Bond Buyer;5/19/2004, Vol. 347 Issue 31887, p36
Trade Publication
Reports on the failure of First Commonwealth Securities Corp. and its president Norbert A. Simmons to file three quarterly Rule G-37/G-38 forms to report that the firm was a co-managing underwriter for municipal bond transactions in New Orleans, Louisiana. Fines imposed by the National Association of Securities Dealers to the company and Simmons; Charges faced by the executive for failing to keep his registration application current; Violation of the disclosure failures to the Municipal Securities Rulemaking Board's Rule G-37.


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