Raymond James Broker Fined $5,000, Suspended for 10 Days
- Bigger Fines For MSRB Violations. Hume, Lynn // Bond Buyer;3/10/2006, Vol. 355 Issue 32336, p1
The article reports that the National Association of Securities Dealers in the United States is considering imposing bigger fines and tighter sanctions for dealers who violate Municipal Securities Rulemaking Board rules. The rules cover trade reporting and execution, political contribution and...
- NASD Censures, Fines Four Firms for Trade Reporting Violations. Ackerman, Andrew // Bond Buyer;7/17/2007, Vol. 361 Issue 32672, p5
The article reports that National Association of Securities Dealers (NASD) has censured and fined four companies a total of 70 million for municipal trade reporting violations. Also, NASD disclosed a complaint has been filed against California broker Hiltomi Tsuyuki for taking $188, 958 from...
- HOW FINES ARE DECIDED. Foxman, Alan J. // On Wall Street;Mar2008, Vol. 18 Issue 3, p74
The article presents questions and answers related to how fines for technical rule violations are determined by the Financial Industry Regulatory Authority, and suing the National Association of Securities Dealers for civil damages claims.
- Complaints Up, Collections Down at NASD. // Money Management Executive;6/4/2007, Vol. 15 Issue 22, p1
The article focuses on the annual report released by the National Association of Securities Dealers (NASD) for the year 2006. The report shows that NASD has collected fines amounting to $84.9 million during the whole year, just a half in compare to $134.3 million collected last 2005. It also...
- Forcing brokers to keep their words. Luxenberg, Stan // Medical Economics;11/13/95, Vol. 72 Issue 21, p18
Reports on the imposition of tough penalties on brokers who violates settlement agreements by the United States National Association of Securities Dealers.
- NASD Hands Out $625,000 In Fines For Late Trading Of Mutual Funds. // Insurance Advocate;7/12/2004, Vol. 115 Issue 25, p34
Reports that the NASD has censured and fined brokerage firms. Failure of the firms to implement adequate supervisory systems and written procedures designed to detect and prevent late trading; Vigilance of the NASD about sanctioning firms for failing to have adequate supervisory systems;...
- NASD Fines Chase for Allowing Hedge-Fund Market Timing. Hume, Lynn // Bond Buyer;12/14/2005, Vol. 354 Issue 32278, p4
This article reports that Chase Investment Services of Chicago, Illinois, is paying $290,262 in penalties as it failed to implement an adequate supervisory system for preventing hedge fund clients from engaging in fraudulent market timing practices related to tax-exempt and other mutual fund...
- NASD Orders Firm to Pay $4.3 Million To Schools in Jefferson Parish, Louisiana. Hume, Lynn // Bond Buyer;1/22/2002, Vol. 339 Issue 31308, p4
Reports that National Association of Securities Dealers has fined Hartford, Connecticut-based Tower Square Securities Inc. and ordered it to pay $4.3 million in restitution to public school system in Jefferson Parish, Louisiana. Complaints of NASD against the company's former representative...
- NASD boots local broker out of the securities business. McCulley, Russell // New Orleans CityBusiness (1994 to 2008);08/09/99, Vol. 20 Issue 6, p8
Focuses on the decision of the National Association of Securities Dealers to fine and censure Rene Reyes for allegedly misusing a client's funds in 1996. Violations of Reyes for dealing with other firms; Requirement for inhouse dealers to divulge outside activities.