Firm failed to obtain customer information for certain high-risk accounts
Improvements provide more guidance to parties and arbitrators
Securities industry overwhelmingly approves NASD by-law changes needed for consolidation of NASD and NYSE regulation
The National Association of Securities Dealers says brokerage firm Friedman, Billings, Ramsey & Co., Inc. has agreed to pay more than US$7.7 million to the NASD and the U.S. Securities and Exchange Commission to resolve allegations of improper trading.The regulator said the settlement resolves charges arising from FBR’s improper trading in shares of Compudyne Corp., […]
Alleges firm falsely claimed that millions of e-mails lost in 9-11 terrorist attacks
The National Association of Securities Dealers announced today that it has fined USAllianz Securities US$5 million for widespread deficiencies in its supervisory system and for record-keeping violations. As part of the settlement, USAllianz Securities may not open a new office for 30 calendar days, and may not hire new registered representatives for seven days. In […]
Edward Jones, RBC Dain Rauscher, Royal Alliance, and Morgan Stanley to pay US$43.8 million
By-law changes now go to NASD member firms for approval
Former Jefferies trader barred, supervisor suspended and fined
NASAA supports consolidation