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Registered Rep.
June 1, 2005
Bill Singer |
Fess Up: The Firm Will Find Out Anyway Some applicants tend to find out the hard way that the securities industry is extra keen on keeping it clean when it comes to new hires. Here is a sampling of recent New York Stock Exchange cases that demonstrate this point.   |
Registered Rep.
April 1, 2008
Bill Singer |
One Too Many For The Road Drinking and driving is a very bad idea for a lot of reasons. And for advisors, here's one more: It could make it impossible for you to work for a broker/dealer for a long time. |
Registered Rep.
December 1, 2005
Bill Singer |
Nowhere to Hide As financial professionals, it is hoped you will not run afoul of the law, but if you do, it's a frightening and complex system. This explains why regulators often distinguish between "willfully" making a misstatement and doing so out of ignorance or a good-faith misunderstanding. |
Financial Planning
May 1, 2006
Marianne Czernin |
Don't Let Simple Things Trip You Up! Financial professionals must take the time to make sure they understand what the various regulatory organizations require them to do before they actually do it. They shouldn't go it alone, or they could find themselves in the same situations as these reps. |
Registered Rep.
March 1, 2007
Bill Singer |
Don't Mess with Suspension Rules If you are like most working people, you go to the office every day. And, if you like your job, it can even be hard to stay away. But if you are a financial advisor and get a suspension from the NASD, don't give in to temptation. Stay away. Go on vacation. |
Registered Rep.
May 1, 2005 |
Blotter Not-So-Hot IPO: The NASD fined Thomas Weisel Partners for levying exorbitant commission charges on "hot" IPO shares... Expelled, Reinstated, Expelled: Brokerage firm LH Ross was officially expelled from the securities industry and fined... etc. |
Registered Rep.
June 1, 2004 |
Haunted by the Past A stockbroker looks for removal of antiquated felony charges on his U4/U5... Is there any problem in recommending a 15- or 25-year maturity CD to a client in her mid-to-late 90s?... |
Registered Rep.
November 1, 2005 |
Supplemental Inquiry Q: Is there any way my employer can find out if I receive W-2 income from other sources... Q: Recently at a social event, a co-worker's client told me another local broker (who is a competitor) had made some disparaging remarks about my co-worker... etc. |
BusinessWeek
May 13, 2010 |
Former Hewlett-Packard Chairman Patricia Dunn The former Hewlett-Packard chairman on fighting criminal fraud charges in 2006 after a company investigation of leaks to reporters |
The Motley Fool
December 17, 2003 |
Investigate Your Broker How to check on your stockbroker, to see if he's gotten in hot water in the past. |
Registered Rep.
December 15, 2005
John Churchill |
Court to NASD: You Don't Have a Leg to Stand On For the first time in its 68 years as a self-regulatory organization, the National Association of Securities Dealers sued the Securities and Exchange Commission over a right it was never granted. Guess what? It lost. |
Registered Rep.
December 1, 2006
Bill Singer |
The Guessing Game If the NASD wishes to dispel the notion that it is biased against smaller members, then it should adopt the NYSE's policy. Unless, of course, it has something to hide. |
Registered Rep.
September 14, 2006
Halah Touryalai |
NASD Fines Securities America for Failure to Supervise Securities America was fined $2.5 million for failing to supervise an advisor who allegedly lured clients into early retirement with exaggerated promises of high returns. |
Chemistry World
November 19, 2012
Andrew Turley |
BP to pay 4.5 billion for disaster Oil super major BP has agreed to pay $4 billion in fines and penalties and plead guilty to criminal charges for the 2010 Deepwater Horizon disaster, which killed 11 people and spilled millions of barrels of oil into the Gulf of Mexico. |
Registered Rep.
April 7, 2005
Kristen French |
NASD Advocates More Disclosure, Less Paper Broker/dealers and their reps may get a big break on point-of-sale disclosure if the Securities and Exchange Commission heeds recent NASD advice. |
Registered Rep.
October 26, 2004
David A. Gaffen |
Citi Fined by NASD for Hedge Fund Marketing Citigroup was censured and fined, but neither admitted nor denied the charges. A company spokeswoman said the firm "took immediate action in cooperating fully with the NASD to make sure all materials comply with current NASD guidance." |
Registered Rep.
August 30, 2006
David A. Geracioti |
American Funds Slapped Today, an NASD Hearing Panel fined American Funds Distributors, the principal underwriter and distributor of the shares of the American Fund family, for directed brokerage. |
Registered Rep.
January 1, 2003
Bill Singer |
Who Regulates the Regulators? In the securities industry, brokers are expected to follow the rules. If you don't, you will be held accountable by the NASD. But what do you do if the NASD doesn't follow the law? |
Registered Rep.
October 25, 2006
Halah Touryalai |
Another One Bites the Dust: Broker Fined Record Amount for Market-Timing Scheme The NASD fined Paul Saunders, a registered rep, CEO and majority owner of James River Capital Corporation, $2.25 million. That sum represents the largest fine against an individual for marketing timing, including disgorgement of about $750,000 in illegal profits. |
InternetNews
January 18, 2007
David Needle |
Plea Deal Said to Be Offered in HP Pretexting Case Former HP chairman Patricia Dunn reportedly offered a deal that would drop felony charges. |
Registered Rep.
September 3, 2003
David Gaffen |
NASD: Brokers With Complaints Need A Watchful Eye Heed the red flags. This is the thrust of a new NASD proposal that would require brokerage houses to devote extra supervision to reps with extensive numbers of complaints or regulatory actions against them. |
Registered Rep.
January 1, 2005 |
Blotter John Van, head of Murphy Van Securities, was barred from the industry... The NASD fined 29 firms a total of $9.2 million for late reporting... The NASD's mutual fund task force released its initial report... |
Registered Rep.
April 8, 2003
Will Leitch |
SIA Calls NASD Proposal Unfair The Securities Industry Association has weighed in negatively on the NASD's proposed changes to the handling of central registration depository (CRD) complaints. |
Registered Rep.
August 28, 2002
Rick Weinberg |
NASD Looks To Approve Broker, Brokerage Firm Use of Investment Analysis The NASD is looking to approve a proposal that would allow brokers and brokerage firms to provide clients with interactive investment analysis tools. |
Insurance & Technology
August 11, 2009
Nathan Conz |
EQC Improves Claims Response With Guidewire Platform The Earthquake Commission of New Zealand implements Guidewire's ClaimCenter solution to better connect with its field adjusters and claimants. |
U.S. CPSC
March 21, 2002 |
Dixon Industries Inc. Recalls Riding Lawn Mowers The fuel tanks on these mowers can crack and leak fuel, posing a fire hazard and risk of burn injuries to consumers... |
