TITLE

Crowell Weedon First Firm to Be Hit By SEC For USA Patriot Act Violations

AUTHOR(S)
Hume, Lynn
PUB. DATE
May 2006
SOURCE
Bond Buyer;5/23/2006, Vol. 356 Issue 32387, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article provides updates on the violation of Crowell, Weedon & Co. of the USA Patriot Act. The firm, a Los Angeles-based broker-dealer involved in municipal bonds and other securities market, has failed to properly document its customer identification program for about 2,900 new customer accounts. The Securities and Exchange Commission had sanctioned Crowell and ordered the firm to cease and refrain from committing any securities law violations.
ACCESSION #
20969875

 

Related Articles

  • SEC is amending broker-dealer form. Hume, Lynn // Bond Buyer;05/04/99, Vol. 328 Issue 30633, p4 

    Reports that the United States Securities and Exchange Commission has proposed amending its broker-dealer registration rules and form. Aim to provide broker-dealers with a one step registration process over the Internet-based Central Registration Depository system; Appointment of James Thomas...

  • SEC wants return of OTC derivatives biz with 'lite' rules. Wipperfurth, Heike // Investment Dealers' Digest;10/26/98, Vol. 64 Issue 43, p8 

    Reports that the United States Securities and Exchange Commission voted to adopt lighter regulations concerning brokers and dealers. Provisions allowing firms to register as over the counter derivative dealers rather than as broker dealers; Plans to lure back dealers who were turned off with...

  • Independent reps face greater regulatory scrutiny. Czernin, Marianne // Financial Planning;Jul2005 Supplement, Vol. 35, p27 

    Focuses on the increasing regulatory scrutiny of independent broker-dealers in the U.S. Legal definition of independent; Issues raised by the U.S. Securities and Exchange Commission regarding the supervision of independent contractor offices in 1998; Provisions of the Rule 3012 created by the...

  • MSRB files Rule G-38 amendment with the SEC. Ferris, Craig T. // Bond Buyer;11/25/97, Vol. 322 Issue 30280, p4 

    Reports that the Municipal Securities Rulemaking Board (MSRB) has filed an amendment to Rule G-38 with the US Securities and Exchange Commission (SEC). Aim to give municipal securities dealers the choice of disclosing their consulting arrangements on an issue-specific or issuer-specific basis;...

  • Customers Come First. Eccleston, James // On Wall Street;Jul99, Vol. 9 Issue 7, p84 

    Offers warnings to brokers based on policy enforced by the United States Securities and Exchange Commission (SEC) and the National Association of Securities Dealers (NASD). Disciplinary decision that involved a pattern of fund switching; What brokers considering switching funds for customers...

  • New G-37X form to ease some dealers' filing burdens. Ferris, Craig T. // Bond Buyer;12/04/98, Vol. 326 Issue 30533, p1 

    Cites the proposal made by the United States Municipal Securities Rulemaking Board to the US Securities and Exchange Commission designed to ease the burden on municipal dealers. Exemption to the disclosure and record-keeping requirements of Rule G-37; Overall amendments to Rule G-37 on...

  • Asking the Magic '08 Ball. McGurn, Patrick S. // NACD Directorship;Oct/Nov2007, Vol. 33 Issue 5, p29 

    The article provides information on corporate governance in the U.S. It argues that majority threshold voting (MTV) continues uncontested in elections within corporate boards. But this trend, according to the author, will not last long because the U.S. Securities and Exchange Commission (SEC)...

  • SEC Votes for Reg R Rules.  // American Banker;9/20/2007, Vol. 172 Issue 182, p4 

    This article announces that the U.S. Securities and Exchange Commission (SEC) has voted to adopt final rules on the regulation of bank-based brokers. The rule, dubbed Regulation R, is an effort made by banks and securities regulators to address the rules for stock brokers in banks after an...

  • SEC, FINRA: Broker-Dealers Need to Keep Closer Tabs on Branch Offices. Barrett, Larry // Financial Planning;Jan2012, Vol. 42 Issue 1, p22 

    The article focuses on the joint regulatory notice and risk alert issued by the U.S. Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) for broker-dealers on being mindful about their branch offices along with helpful tips for remaining in compliance.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics