NASD Penalizes for Perks
- NASD Fines Two Fidelity BDs $400,000 for Distributing Misleading Sales Literature About Systematic Investment Plans Sold to Military Personnel. // ComplyNet;May2007, p6
This article reports that the National Association of Securities Dealers (NASD) has fined Fidelity Investments Institutional Services Co. and Fidelity Distributors Corp. worth $400,000 for preparing and distributing misleading sales literature promoting Fidelity's Destiny I and II Systematic...
- At Deadline. // Money Management Executive;5/14/2007, Vol. 15 Issue 19, p1
The article reports that Fidelity Investments Institutional Services Co. and the Fidelity Distributors Corp. are fined $400,000 by the National Association of Securities Dealers (NASD) in the U.S. The penalty was imposed to the fidelity investments broker/dealers for circulating, misleading...
- Fidelity Fined $3.75M in Gifting Scandal. Ackermann, Matt // American Banker;2/6/2007, Vol. 172 Issue 25, p18
The article discusses a fine imposed on Fidelity Investments by the National Association of Securities Dealers Inc. for alleged registration, supervision, and e-mail retention violations. The settlement closed a portion of the gifting scandal that involved Fidelity traders. The Securities and...
- 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 to Pose Rules Calling for Emergency Plans. Hume, Lynn // Bond Buyer;3/22/2002, Vol. 339 Issue 31350, p37
Reports proposal from the National Association of Securities Dealers (NASD) to require brokerage firms to maintain business continuity plans in Washington. Provision of emergency contract information to NASD; Influence of the September 11 terrorist attacks.
- ADF APPROVED FOR 7/29 LAUNCH. Clary, Isabelle // Securities Industry News;7/29/2002, Vol. 14 Issue 29, p1
Reports the approval of the Alternative Display Facility on a pilot basis by the National Association of Securities Dealers in the U.S. Schedule of trading real stocks; Confidence of the financial industry; Requirements of Congress for off-exchange trading.
- 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.