TITLE

NASD Fines American General $1.1 3M Over Fund Practices

AUTHOR(S)
Hume, Lynn
PUB. DATE
April 2006
SOURCE
Bond Buyer;4/6/2006, Vol. 356 Issue 32355, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the imposition of fines to the American General Securities Inc., an affiliate of American International Group Inc., by the National Association of Securities Dealers for discriminatory treatment to 12 mutual fund companies and receiving direct payments or brokerage business from the companies in the U.S. The company also failed to forward more than 2,100 checks it gained from customers for mutual fund and annuity transactions.
ACCESSION #
20472601

 

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