finra

FINRA

1996 News Releases

   

December 23, 1996 -   Quotations of Small Mutual Funds Now Available to Investors
December 16, 1996 -   NASD Board Approves Creation of Two New Exams
December 12, 1996 -   Barry Goldsmith's Letter to the Editor of Business Week
December 11, 1996 -   NASD Regulation Creates New Telemarketing Rules to Protect Investors
December 10, 1996 -   NASD Regulation Fines Stephens Inc., $225,000 for Failure to Properly Supervise Distribution of Mutual Funds Sold on Bank Premises
December 05, 1996 -   NASD Regulation Expels Stratton Oakmont; Principals Also Barred
November 19, 1996 -   NASD Regulation, Inc., Bars Nine Registered Representatives Suspected of Using an Impostor to Take Qualification Examination
November 15, 1996 -   NASD Regulation Boosts Voice of Investors in Rule-Making Process
November 15, 1996 -   NASD Regulation Elects New Board Members
October 28, 1996 -   Werblow Chosen as Independent Consultant
October 10, 1996 -   Criminal and Public Administrative and Cease-and-Desist Proceedings Announced Against 45 in Connection with Kickback Schemes
September 30, 1996 -   NASD Regulation Fines Alex. Brown & Sons, and Registered Representative $150,000; Another $150,000 in Disgorgement Ordered
September 19, 1996 -   NASD Regulation Names New Director of Advertising/Investment Companies Regulation
September 04, 1996 -   NASD Regulation Announces Appointment of Deputy Chief Hearing Officer
August 27, 1996 -   NASD Regulation, Inc. Bars 12 Registered Representatives Suspected of Having an Impostor Take a Qualification Examination on Their Behalf
August 22, 1996 -   NASD Regulation President Mary L. Schapiro Announces Internet Education Program; Investors Warned to Beware of On-Line Hype
August 22, 1996 -   NASD Regulation Launches World Wide Web Page with Investor Guidelines and Direct Access to Regulators
August 21, 1996 -   NASD Regulation Fines Citicorp Securities $25,000; Orders $300,000 in Disgorgement
August 07, 1996 -   NASD Regulation Marks First-Year Anniversary of Mediation in the Securities Industry
July 25, 1996 -   NASD Regulation Obtains $1 Million-Plus In Restitution for Investors from H.J. Meyers; Fines of Nearly $500,000 Imposed
July 19, 1996 -   NASD Regulation Fines Amsouth Investment Services $150,000 for Mutual Fund Sales Violations
July 17, 1996 -   Statement by the NASD on Department of Justice Settlement
July 09, 1996 -   Individual Investor Office Established by NASD
July 02, 1996 -   NASD Chairman Tully Names Search Committee to Find Successor to Nasd President and CEO Hardiman
July 01, 1996 -   Merrill Lynch Chief Executive Dan Tully Elected NASD Chairman
June 24, 1996 -   NASD Regulation Hires Barry R. Goldsmith,Chief Sec Litigator,to Head National Enforcement Department
June 12, 1996 -   NASD Regulation Honored with Technology Awards
June 05, 1996 -   Annapolis Area Executive Daniel M. Sibears Promoted to Vice President for District Oversight, Nasd Regulation, Inc.
May 16, 1996 -   NASD Regulation Announces New Reorganization; Strengthens Regulatory and Enforcement Staff
May 16, 1996 -   NASD Regulation Hires Senior Securities Industry Expert
May 13, 1996 -   NASD Orders Fines and Restitution of Nearly $600,000 Against Josephthal, Lyon & Ross, Inc; Imposes Additional Sanctions
April 15, 1996 -   NASD Names New Senior Officials
April 09, 1996 -   NASD Fines and Censures Gruntal & Co.
April 08, 1996 -   NASD Fines Stratton Oakmont $325,000 for Fraud and Other Violations;Suspends and Fines Head Trader
April 01, 1996 -   NASD Names Board Members for Nasd, Inc., Nasd Regulation, Inc., and the Nasdaq Stock Market, Inc.
March 26, 1996 -   NASD Appoints Eight-Member Economic Advisory Board
March 25, 1996 -   NASD Regulation, Inc. Bars Penny Stock Broker; Orders $7.8 Million in Customer Restitution
March 08, 1996 -   NASD Regulation, Inc. Hires Two Senior Securities Professionals
February 22, 1996 -   Hibbard Brown & Co., Inc., Fined $10 Million and Expelled from Membership
January 26, 1996 -   NASD Names Sec Enforcement Official, Martin A. Kuperberg, Head of New York District Operations
January 23, 1996 -   NASD Expands Broker-Testing Facilities Fivefold to Accommodate New Continuing Education Requirements
January 22, 1996 -   Arbitration Task Force Issues 70 Recommendations in Largest Revamping of Securities Arbitration Since Its Start More Than a Century Ago