TITLE

NASD Penalizes for Perks

AUTHOR(S)
Bassett, Michael
PUB. DATE
March 2007
SOURCE
Financial & Insurance Meetings;Mar/Apr2007, Vol. 43 Issue 2, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
24551477

 

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