NASD Fines Bear Stearns for Failing To Factor Commissions into Yields

Hume, Lynn
January 2003
Bond Buyer;1/16/2003, Vol. 343 Issue 31554, p6
Trade Publication
Reports that National Association of Securities Dealers has fined U.S.-based Bear, Stearns Securities Corp. $30,000 for failing to comply with commissions required under yield-to-maturity computations. Other allegations against the company; Provision under Municipal Securities and Rulemaking Board's Rule G-15; Reference to another regulation violation case against Memphis, Tennessee-based First Tennessee Securities Corp.


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