NASD Sanctions Former Executives From Defunct Hudson Knight
- Interstate/Johnson Lane, Dalton pay $77,640 to settle rule G-37 charges. Hume, Lyn Stevens // Bond Buyer;10/16/98, Vol. 326 Issue 30501, p4
Reports on the settlement by Interstate/Johnson Lane Corp. and its former chairman Parks H. Dalton Jr. of violations of the Municipal Securities Rulemaking Board's rules. Charges by the National Association of Securities Dealers; Payment in fine and fees; Provisions of Rules G-37 and G-8.
- Island Client Settles Market Data 'Wash' Case. Clary, Isabelle // Securities Industry News;10/21/2002, Vol. 14 Issue 40, p17
Reports on the settlement reached between National Association of Securities Dealers (NASD) and Toronto, Ontario-based Swift Trade Securities Inc. and its president, Peter Beck, for engaging in 'wash' trades in the world's most liquid security. Details of the involvement of Swift Trade and Beck...
- Alliance in talks for An NASD Settlement. // American Banker;3/16/2005, Vol. 170 Issue 51, p11
Mentions Alliance Capital Management Holding LP and its mutual fund distribution unit are negotiating a settlement with the National Association of Securities Dealers Inc. The issue of brokerage commissions; Financial information for Alliance Capital and a charge taken against 2004 earnings;...
- Quick, Piper Shelf-Space Fines. // American Banker;2/23/2005, Vol. 170 Issue 36, p7
Reports the fines given to Quick & Reilly Inc. and Piper Jaffray & Co. for allegedly violating NASD rules for directed brokerage. Idea that the companies used "preferred partner" and "shelf space" programs; The years these firms operated their programs and the number of mutual fund complexes...
- What's `best execution'? Regulators raise the bar. Horowitz, Jed // Investment Dealers' Digest;03/16/98, Vol. 64 Issue 11, p12
States that the best-execution examinations of broker-deals, will be set up by the National Association of Securities Dealers. How brokers fulfill their best-execution duties; Comments from Eugene Lopez, vice president of market services for the Nasdaq Stock market; Detailed information on...
- NASD Grants Some Exemptions on G-37 Two-Year Bans. Hume, Lynn // Bond Buyer;9/18/2001, Vol. 337 Issue 31225, p5
Reports on exemptions granted to broker-dealer firms from Rule G-37's two year ban on municipal security business by the U.S. National Association of Securities Dealers (NASD). Letters released by the NASD; Complaints of industry officials.
- Snail Mail Too Slow, NASD Going Digital on Bulletins. Ring, Niamh // American Banker;10/1/1998, Vol. 163 Issue 188, p8
Reports that the National Association of Securities Dealers (NASD) plans to stop automatically mailing free copies of its periodicals to broker dealers. Reason for this decision; When the NASD will require every firm to have an Internet e-mail address; Comments made by R. Clarke Hooper,...
- Data-sharing proposal diluted; scope widened. // American Banker;3/17/1997, Vol. 162 Issue 51, p2
Reports on the proposal of a restriction on sharing of customer information by the National Association of Securities Dealers (NASD). Effect on all member brokers; Similarity of original proposal; Allowing of all NASD members and related affiliates to share information; Protection of consumers.
- New NASD compliance approach alerts firms to possible shortcomings. Hume, Lynn Stevens // Bond Buyer;11/24/97, Vol. 322 Issue 30279, p1
Reports on the compliance program to be launched by National Association of Securities Dealers in 1998 which is aimed at preventing oversights and abuses by securities dealers. Examination of whether dealers are complying with Municipal Securities Rulemaking Board rules as a part of the...