TITLE

NASD: Worthen case not meant to signal a wider crackdown

AUTHOR(S)

Talley, Karen; Hensley, Scott

PUB. DATE

November 1995

SOURCE

American Banker;11/9/1995, Vol. 160 Issue 217, p1

SOURCE TYPE

Trade Publication

DOC. TYPE

Article

ABSTRACT

Reports on the National Association of Securities Dealers' (NASD) assessment of fines against the brokerage unit of Worthen Bank and Trust and some of its former officials for disregarding risk disclosure regulations. Punishment of the bank for misleading customers about the risk of mutual fund investing; NASD's assurance that the case does not mean a wider crackdown on banks' brokerages.

ACCESSION #

9511264734

Tags: WORTHEN Banking Corp.;  NASDAQ Market System

 

Related Articles

• Worthen beefs up dividend to 2.7... to match competitors. Racine, John // American Banker;1/11/1994, Vol. 159 Issue 7, p7 

  Reports on Worthen Banking Corp.'s first quarter 1994 dividend. Approval of the increase to be paid to shareholders; Reward for stockholders; Above-average profit growth expected for 1994; Attempt to attract more stockholders.

• Worthen expects to post slightly higher profits.  // American Banker;4/11/1994, Vol. 159 Issue 68, p5 

  Reports on Worthen Banking Corp.'s estimates of its first quarter earnings for fiscal 1994. Earnings per common share; Earnings in 1993; Acquisition of Union of Arkansas Corp. in May 1993; Schedule of a complete results of earnings for the first quarter.

• After baptism by fire, Worthen's Bradbury faces another test. Racine, John // American Banker;12/17/1993, Vol. 158 Issue 240, p4 

  Features Little Rock, Arkansas's largest banking company Worthen Banking Corp. Bailout from certain collapse; Persistence of chairman Curt Bradbury; Need to gain double-digit growth. INSET: Bank's Clinton ties prove a mixed blessing..

• Stephens forms bank M&A unit with veterans of Worthen Bank. Allen, James C. // American Banker;8/4/1995, Vol. 160 Issue 149, p20 

  Reports on the formation of a new bank merger and acquisition group by Stephens Inc. Appointment of several former officials of Worthen Bank Corp.; Group's specialty in advising Stephens' banking clients.

• Worthen's earnings up for year and quarter.  // American Banker;2/27/1995, Vol. 160 Issue 38, p17 

  Reports on the financial performance of Worthen Banking Corp. in 1994. Earnings; Equity capital in the fourth quarter; Comparison with the 1993 performance.

• Worthen's finance chief resigns, citing impending sale to Boatmen's. Gold, Jacqueline S. // American Banker;10/18/1994, Vol. 159 Issue 201, p7 

  Reports on the resignation of Andrew Melton as chief financial officer and treasurer of Worthen Banking Corporation. Worthen's merger with Boatmen's Bancshares; Reason for the resignation; Transition efforts.

• NASD: Worthen doesn't mean wider crackdown.  // American Banker;11/13/1995, Vol. 160 Issue 219, p10 

  Reports on developments in the American banking sector as of November 13, 1995. Fines imposed against the Worthen Bank and Trust for flagrant disregard of risk disclosure regulations; Bank Securities Association conference in Boston, Massachusetts; Advancement of banks into the mutual fund...

• First Bentonville deal clears a fed hurdle.  // American Banker;8/20/1993, Vol. 158 Issue 160, p15 

  Reports on the approval of the application of Worthen Banking Corp. to acquire First Bentonville Bancshares. Approval by the Federal Reserve Bank of St. Louis; Acquisition expected to be completed at the end of 1993; Value of transaction.

• Boatmen's buying Worthen of Arkansas. Racine, John // American Banker;8/19/1994, Vol. 159 Issue 160, p1 

  Reports on Boatmen's Bancshares' agreement to acquire Worthen Banking Corp. Value of the deal; Comments of analysts on the merger; Benefits of the merger to Boatmen.

Read the Article