NASD Taking Offensive on Price Abuse

Hume, Lynn
January 2002
Bond Buyer;1/10/2002, Vol. 339 Issue 31301, p1
Trade Publication
Reports that the U.S. National Association of Securities Dealers (NASD) is probing New York City's municipal trade data for pricing abuse and is expected to take a number of enforcement actions. Use of trade data by NASD to find evidence of excessive and fraudulent markups; Guidance of NASD on markups for debt securities; Allegation of NASD towards two firms regarding municipal securities transactions they made in 1998 and 1999.


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