FINRA - Press Room - News Release 2006 Index

12/20/06	FBR to Pay Regulators $7.7 Million to Resolve Charges Related to Improper Short Selling of Compudyne PIPE Shares
12/19/06	NASD Charges Morgan Stanley DW with Repeatedly Failing to Provide Emails to Arbitration Claimants and Regulators
12/18/06	NASD Fines USAllianz Securities $5 Million for Widespread Supervisory, Record-Keeping Violations
12/13/06	NASD Fines Four Firms for Supervisory Failures Relating to Mutual Fund Sales Charge Waivers
12/6/06	NASD Board of Governors Overwhelmingly Approves By-Law Changes Necessary for Consolidation with NYSE Regulation; By-Law Changes Now Go To NASD Member Firms for Approval
12/4/06	NASD Fines Jefferies & Company $5.5 Million for Providing Improper Gifts and Excessive Entertainment to Fidelity Traders
11/28/06	NASD and NYSE Group Announce Plan to Consolidate Regulation of Securities Firms
11/8/06	NASD Foundation Funds Investor Education Program for Public Education Employees
11/6/06	"I hope this is your email" Scam Offers No Hope of Profits
11/6/06	NASD Fines Chase Investment Services, MetLife Securities $500,000 Each for Supervisory Violations in 529 College Savings Plan Sales
11/2/06	NASD Fines EKN Financial Services, Suspends Principals for Securities Registration Violations in Pipe Deals
10/26/06	McLaughlin, Piven and Vogel Securities Agrees to Repay Customers Overcharged for Transferring Accounts
10/25/06	NASD Fines Hedge Fund Manager $2.25 Million for Deceptive Market Timing in Variable Annuities
10/16/06	NASD Fines Citizens Bank Affiliate, CCO Investment Services Corp., $850,000 For Supervisory, Recordkeeping, Telemarketing, Other Violations
10/4/06	NASD Fines Oppenheimer and Co. $800,000 for Failing to Respond to Regulatory Requests, Failing to Report Municipal Transactions Accurately
9/26/06	NASD Charges NevWest Securities Corporation and Principals with Violating Anti-Money Laundering Rules
9/26/06	NASD Revises Sanctions Guidelines to Clarify That Firm Size, Resources May Be Considered When Imposing Sanctions for Misconduct
9/19/06	NASD Fines Three MetLife Securities Firms $5 Million for Providing Inaccurate, Misleading Information in Late Trading Inquiry
9/18/06	NASD DR Mediation Prices Reduced During 'Settlement Month' in October
9/14/06	NASD Task Force Recommends Operational, Regulatory Changes to Minimize Delays, Make Improvements in Account Transfer Process
9/14/06	NASD Fines Securities America $2.5 Million, Orders $13.8 Million in Restitution in Investment Scheme Aimed at Exxon Retirees
9/14/06	NASD Investor Alert Warns Workers About Early Retirement Investment Pitches
9/5/06	NASD Fines Morgan Stanley Firms $2.9 Million for Widespread Violations of NASD Rules
8/30/06	NASD Hearing Panel Fines American Funds Distributors $5 Million for Directed Brokerage Violations
8/28/06	Prudential Securities, Inc. Ordered to Pay Regulators $600 Million to Resolve Fraud, Other Charges Relating to Improper Market Timing
8/10/06	NASD Orders Citigroup to Pay Over $1.1 Million for Failing to Prevent Brokers' Submission of False Information to Mutual Funds
8/9/06	NASD Fines Four ING Broker-Dealers $7 Million for Directed Brokerage Violations
8/3/06	NASD Fines BRUT $2.2 Million for Publishing Erroneous Execution Quality Reports, Other Violations
7/26/06	Robert R. Glauber, NASD Chairman And CEO, Will Retire From NASD On August 31
7/18/06	NASD Investor Education Foundation Brings Military Financial Education Program To Navy Region Southwest with Six Events in California
7/17/06	NASD Foundation Study Examines What Makes Elderly Susceptible to Investment Fraud
7/13/06	NASD Sells Remaining Shares of NASDAQ Common Stock
7/11/06	NASD Alert Warns of Investment Scams Using Fake Regulator Web Sites
7/5/06	Taking the Mystery Out of Regulatory Processes: NASD Launches Plain-English Webcasts for Compliance Officers and Staff
6/29/06	NASD Fines Two Firms and Eight Traders $490,000 for Misusing NASDAQ Trading System
5/31/06	NASD Fines LaSalle Street Securities $200,000 for Supervisory Violations Related to Fraudulent Schemes Perpetrated by Broker Frank Devine
5/30/06	NASD Hearing Panel Bars Municipal Securities Broker for Fraudulent Sales Practices
5/18/06	NASD Introduces Compliance Podcasts to Get Industry's Ear
5/18/06	NASD Investor Education Foundation Rolls Out Military Education Program With Financial Education Forums Around the World
5/16/06	Joint Statement of NASD Chairman and CEO Robert Glauber, Minnesota Commerce Commissioner Glenn Wilson Regarding Success of Annuity Roundtable
5/4/06	NASD Changes the Code of Arbitration Procedure, Enhances Online Training Program For Arbitrators
5/4/06	NASD Promotes Three Top Executives
4/27/06	Texas Brokerage Firm Salomon Grey Financial Expelled for Widespread Violations of NASD Rules
4/26/06	NASD Suspends Broker for 90 Days, Imposes Fine and Disgorgement Totaling $400,000 for Short Sale Violations
4/26/06	NASD Investor Alert Warns Workers About Cashing Out of 401(k) Plan
4/18/06	NASD Hearing Panel Suspends, Fines Former GunnAllen Broker for Threatening Public Company
4/12/06	NASD DR Proposes Restricting Subpoena Power to Arbitrators
4/11/06	NASD Investor Education Foundation Announces New Grant Program
4/6/06	NASD Charges A.B. Watley and Former Brokers With Facilitating Mutual Fund Late Trading and Market Timing for Hedge Funds
4/5/06	NASD Fines AIG Affiliate American General Securities, Inc. Over $1.1 Million for Directed Brokerage Violations
3/30/06	Free Financial Education Forum for Military Personnel And Families Featuring Top Regulators, Sen. Daniel Akaka Set for Honolulu
3/27/06	NASD Foundation Awards $1.6M in Grants
3/27/06	NASD Foundation Provides Funds for Investor Education Video Programming for Low-Literate Adults
3/27/06	NASD Foundation Okays Grant for Marketplace Radio Programs Broadcasting Investor Education Messages
3/27/06	NASD Foundation Funds Investor Education For Civil Rights Groups Through Brandeis University Grant
3/27/06	NASD Foundation Grant Underwrites Commission Dedicated to Strengthening Students' Financial Literacy
3/27/06	Ohio State Research Funded by NASD Foundation To Examine Racial Influences on Investment Behavior
3/27/06	NASD Foundation Funds Study by College of William & Mary To Examine Perceptions of Retirement Income Options
3/23/06	NASD, Minnesota Department of Commerce Announce Annuity Roundtable in Washington, DC on May 5
3/23/06	NASD Promotes James S. Shorris to Head Enforcement Department
3/21/06	NASD Fines Boston Capital Securities $1.2 Million for Corporate Financing Disclosure and Compensation Violations
3/15/06	NASD Fines Merrill Lynch $5 Million for Call Center Supervisory Failures, Sales Contest Violations
3/7/06	NASD Investor Education Foundation Announces 2006 Grant Cycle
3/7/06	NASD Reopens New Orleans District Office After Hurricane Katrina
3/3/06	NASD Hearing Panel Dismisses Profit Sharing Complaint Against Invemed
3/2/06	NASD E-Learning Compliance Courses Reach 100,000 Users in Nine Months, Companion Video Presentations Command Over 100,000 Views in First Year
3/2/06	David Lerner Associates Suspended from Conducting New Business in Variable Annuities, Variable Life Insurance for 30 Days, Fined $400,000 for Violations of New York State, NASD Regulations
2/22/06	NASD, MSRB Issue Joint Statement Pledging Cooperation to Harmonize Mutual Fund, 529 Plan Sales Rules
2/16/06	New Campaign By NASD Foundation to Provide Financial Education Tools and Training to Military
2/14/06	NASD Orders Diversified Investors Securities to Pay Over $2.2 Million for Facilitating Market Timing
2/8/06	Sanford C. Bernstein & Co., Research Analyst Brad Hintz Fined $550,000 for Violations of Research Analyst Conflict of Interest Rules
2/3/06	NASD Members Elect Four Governors to Board
2/1/06	NASD Foundation Funds Research to Improve Financial Product Disclosure Information and Calls for Additional Research Proposals
1/31/06	NASD Fines Municipal Securities Dealer and its President $100,000 for Failing to Report Gubernatorial and Other Political Contributions
1/25/06	Growing Regulatory Requirements Drive Compliance onto the University Curriculum
1/23/06	NASD Seeks Public Comment on Proposed Changes to Business Entertainment Rule Requirements
1/18/06	NASD Enforcement Chief Barry R. Goldsmith Leaving to Return to Private Practice
1/12/06	NASD Board Names Future Successor to Chairman and CEO Robert R. Glauber Effective December 2006
1/9/06	NASD Charges Oppenheimer & Co. and CEO Albert Lowenthal with Knowingly Producing Inaccurate Data to NASD in Breakpoint Sweep
1/9/06	NASD's TRACE Completes Real-Time Public Dissemination of Public Corporate Bond Transactions, Beginning Today
1/6/06	NASD Says Software Error Impacts Certain Series 7 Exam Results