NASD Orders Firm to Pay $4.3 Million To Schools in Jefferson Parish, Louisiana

Hume, Lynn
January 2002
Bond Buyer;1/22/2002, Vol. 339 Issue 31308, p4
Trade Publication
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 Kevin B. Dermody; Types of funding for the school sysem's retirement plans; Estimated commissions charged by Dermody.


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