NASD Penalizes for Perks

Bassett, Michael
March 2007
Financial & Insurance Meetings;Mar/Apr2007, Vol. 43 Issue 2, p10
Trade Publication
The article reports on the penalties given by the National Association of Securities Dealers (NASD) to several U.S. companies for violations of regulations applying to gifts, entertainment and meetings. NASD fined four Fidelity Investments brokerage units $3.75 million in the aftermath of a gift and entertainment investigation. On February 12, 2007, NASD fined Scudder Distributors, Putnam Retail Management Partnership and Alliance Bernstein Investment Inc. for violations of noncash compensation guidelines.


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