Price and transaction data now available
Says firm knowingly produced inaccurate data in “breakpoint sweep”
1,900 brokers received failing grades incorrectly
Old “pump-and-dump” scheme in new garb
The National Association of Securities Dealers announced today it has fined Merrill Lynch, Pierce, Fenner & Smith, Wells Fargo Investments and Linsco/Private Ledger Corp. a total of US$19.4 million for suitability and supervisory violations primarily relating to mutual fund sales.Merrill Lynch was fined US$14 million, while Wells Fargo was fined US$3 million and Linsco was […]
Deceptive market timing “unfair and harmful” to mutual fund shareholders
Text messages being used to hype stocks, warns NASD
Brokerage engaged in scheme to avoid delisting of parent company
Two new features to be added to National Registration Database
Largest fine to date for fixed income trade reporting violations