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FINRA

 

 

FOR RELEASE:
CONTACTS:
Friday, August 6, 2004
Herb Perone 202-728-8464

 



NASD Hearing Panel Dismisses Complaint Against Peter R. Kellogg

Washington, D.C.—An NASD Hearing Panel today dismissed a complaint against Peter R. Kellogg alleging that he engaged in fraudulent wash and matched trades during August 2001. The Hearing Panel found that there was no evidence that Kellogg carried out the four transactions at issue with the intention to defraud, manipulate or deceive. Rather, the panel found that Kellogg conducted the transactions for legitimate business and tax purposes.

 

NASD is the leading private-sector provider of financial regulatory services, dedicated to bringing integrity to the markets and confidence to investors through effective and efficient regulation and complementary compliance and technology-based services. NASD touches virtually every aspect of the securities business — from registering and educating all industry participants, to examining securities firms, enforcing both NASD rules and the federal securities laws, and administering the largest dispute resolution forum for investors and registered firms. For more information, please visit our Web site at www.nasd.com.