TITLE

NASD Fines Bane of America for Below-Market-Value Trade

AUTHOR(S)
Hume, Lynn
PUB. DATE
September 2004
SOURCE
Bond Buyer;9/20/2004, Vol. 349 Issue 31972, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the multi-million dollar fine imposed by the National Association of Securities Dealers to the Banc of America Securities LLC in Washington. Expected municipal bond pricing abuses to be managed by William J. Jester Jr., chairman of the Municipal Securities Rulemaking Board (MSRB); Number of other brokerage firms being asked to pay charges for pricing abuse; Warnings and guidance issued by MSRB about fair pricing obligations of such firms.
ACCESSION #
14497600

 

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