TITLE

NASD Fines 5 Firms $85,000, Bars Trader From Market

AUTHOR(S)
Hume, Lynn
PUB. DATE
June 2006
SOURCE
Bond Buyer;6/16/2006, Vol. 356 Issue 32404, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the move of the National Association of Securities Dealers (NASD) to fine five firms a total of $85,000 for municipal securities trade reporting and other non-municipal securities violations in the U.S. NASD also permanently barred a former Zeus Securities Inc. principal from the market for a series of bogus sales and purchases of a zero-coupon bond. Neither the firms nor the former principal admitted or denied the allegations. However, they all agreed to the sanctions.
ACCESSION #
21319278

 

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