Move will create more efficient regulatory system
Single organization will eliminate overlapping regulation and reduce costs to industry
There should not be "regulatory arbitrage" that provides an incentive for the sale of one product over another
McLaughlin, Piven and Vogel Securities agrees to repay customers
Fine is largest ever imposed by NASD against an individual for market timing
Alleges brokerage failed to respond to regulatory requests
Companies provided inaccurate and misleading information along with other violations
A National Association of Securities Dealers task force has issued recommendations for expediting transfers of customer accounts from one brokerage firm to another through the Automated Customer Account Transfer System.The recommendations include a number of operational enhancements and regulatory measures, which are detailed in a report from the Customer Account Transfer Task Force. In its […]
Scope of violations indicate extensive reporting problems, regulator says
But panel rejects NASD Enforcement's call for sanctions in the amount of the total directed brokerage payments