TITLE

Eight Firms to Pay Over Price Abuses

AUTHOR(S)
Hume, Lynn; Ferris, Craig T.
PUB. DATE
June 2004
SOURCE
Bond Buyer;6/30/2004, Vol. 348 Issue 31916, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that the National Association of Securities Dealers has order brokerage firms to settle charges that they engaged in abusive pricing practices. Fines for selling bonds at below-market prices to investors at the start of chains of trades; Violation of the MSRB Rule G-30 on prices and G-17 on fair-dealing; Firms ordered to make payments.
ACCESSION #
13637504

 

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