FINRA - Press Room - News Release 2003 Index



12/30/03	NASD: 2003 in Review
12/11/03	NASD Sanctions Metropolitan Investment Securities For Abusive Sales Practices and Supervisory Violations
12/9/03	NASD Fines and Suspends Banc of America Securities Analyst for Overstated Research Reports and Providing Advance Notice of Price Targets and Ratings
12/5/03	NASD Charges Former U.S. Bancorp Piper Jaffray Representative with Sales Practice Violations and Failure to Cooperate in Investigation
12/4/03	NASD Files Rule to Increase Disclosure of Information About Firms and Their Employees; Initiates Web-Based Reports
12/3/03	NASD and the CIArb Provide a London Alternative to Resolve Transatlantic Investment Disputes
12/2/03	NASD Board Approves Joint CEO/Chief Compliance Officer Certification Rule to be Filed with SEC
12/2/03	NASD Announces $10-Million Education Fund
11/24/03	NASD Approves Rules to Reform IPO Process
11/21/03	NASD Proposes Disclosure Rule for Mutual Fund Expenses in Performance Advertising
11/17/03	NASD Charges Morgan Stanley with Giving Preferential Treatment to Certain Mutual Funds in Exchange for Brokerage Commission Payments
11/11/03	NASD Reminds Securities Firms of Obligations When Selling Non-Conventional Investments
11/6/03	NASD Reminds Firms of Obligation to Provide Information without Delay in Arbitrations
11/5/03	NASD Charges Peter Kellogg with Fraudulent Wash and Matched Trades
11/4/03	NASD Reminds Securities Firms Fee-Based Accounts Must Be Appropriate
11/3/03	American Stock Exchange and NASD Agree on Plan to Make Amex an Independent Entity
11/3/03	SEC and NASD Announce Actions as a Result of Findings of "Breakpoint" Overcharges on Mutual Fund Transactions
10/16/03	NASD Dispute Resolution Establishes New Hearing Location in Newark, New Jersey
10/16/03	NASD Charges Long Island Firm, its President, and Two Former Managers as a Result of Fraudulent "Boiler Room" Sales Practices
10/13/03	NASD Sanctions Wells Investment Securities and its President for Non-Cash Compensation Rule Violations
10/9/03	NASD Charges Continental Broker-Dealer Corp. and its Executives with Sales Practice and Supervision Violations
9/24/03	NASD Kicks Off Mediation Settlement Month; Lower Mediation Prices for October
9/16/03	NASD Fines Morgan Stanley $2 Million for Prohibited Mutual Fund Sales Contests
9/15/03	NASD Alerts Investors of the Risks Associated with Using Margin to Purchase Securities
8/28/03	NASD Proposes Heightened Supervision for Brokers with a History of Customer Complaints, Investigations or Regulatory Actions
8/18/03	NASD Files Three Enforcement Actions for Fraudulent Hedge Fund Offerings
8/18/03	Charles A. Bowsher Joins NASD's Board of Governors
8/12/03	NASD Files Enforcement Actions Involving Unsuitable Sales of Mutual Funds
8/7/03	NASD Proposes Disclosure of Mutual Fund Compensation Arrangements
8/5/03	NASD Unveils Innovative 401(k) Learning Center
7/30/03	NASD Charges Louisiana Broker With Unsuitable Sales of Variable Annuities and Mutual Funds of More Than $6 Million
7/22/03	Joint NASD/Industry Breakpoint Task Force Issues Report
7/21/03	NASD Charges Sisung Securities with Wrongfully Receiving Over $2 Million in Underwriting Fees in 21 Municipal Bond Offerings
6/30/03	NASD to Begin Administering D.H. Blair Restitution Fund for New York County District Attorney's Office
6/25/03	NASD Brings Enforcement Action For Class B Mutual Fund Share Sales Abuses And Issues Investor Alert on Class B Shares
6/18/03	NASD Provides Members Guidance Regarding Instant Messaging
6/4/03	NASD Proposes Joint CEO/Chief Compliance Officer Certification
6/2/03	NASD Agrees to Principle Terms To Sell American Stock Exchange To GTCR Golder Rauner LLC
5/29/03	NYSE/NASD IPO Advisory Committee Publishes Report and Recommendations
5/28/03	NASD Charges Former Merrill Lynch Managing Director with Issuing Misleading Research, Selectively Disclosing Material Non-Public Information and Improper Gift Giving to Tyco's CEO
5/27/03	NASD Launches Online Chairperson Training for Arbitrators
5/27/03	NASD Takes Disciplinary Actions for Variable Annuity Abuses and Issues Investor Alert on Variable Products
5/19/03	NASD's NAC Bars Tony Elgindy and Expels Key West Securities, Inc. for Manipulative Short Selling Scheme
4/28/03	Ten of Nation's Top Investment Firms Settle Enforcement Actions Involving Conflicts of Interest Between Research and Investment Banking
4/28/03	The Securities and Exchange Commission, NASD and the New York Stock Exchange Permanently Bar Henry Blodget From the Securities Industry and Require $4 Million Payment
4/28/03	The Securities and Exchange Commission, New York Attorney General's Office, NASD and the New York Stock Exchange Permanently Bar Jack Grubman and Require $15 Million Payment
4/22/03	NASD Fines Altegris Investments for Hedge Fund Sales Violations
4/15/03	NASD Charges Invemed Associates with Sharing in Customers' Profits from Hot IPOs
4/14/03	NASD Adds Sale Data of 120 "Triple-B-Rated" Corporate Bonds for Dissemination to Public
4/8/03	NASD Charges Firm, Execs with Trading Ahead of Research and Short Sale Violations
3/11/03	SEC, NASD, NYSE Release Findings of Breakpoint Examination Sweep; Broker-Dealers to Review Transactions
3/6/03	NASD Charges Frank Quattrone with Spinning, Undermining Research Analyst Objectivity, Failure to Cooperate in Investigation
2/28/03	SEC Approves NASD Plan to Significantly Increase Corporate Bond Sale Data Dissemination
2/26/03	NASD Dispute Resolution has Second Consecutive Record Year
2/20/03	NASD Fines J.P. Morgan for Sharing in Profits from Hot IPOs
2/18/03	NASD Announces Joint NASD/Industry Breakpoint Task Force
1/27/03	NASD Names Nick Bannister Managing Director For International Affairs and Services
1/24/03	NASD Reminds Members of Obligations When Selling Hedge Funds
1/23/03	NASD Announces an International Symposium to Debate the Need for Global Adoption of International Accounting Standards
1/15/03	NASD Alerts Investors to Problems in Mutual Fund Breakpoints
1/9/03	NASD Charges Robertson Stephens with Sharing in Millions of Dollars of Customers' Profits in Exchange for "Hot" IPO Shares