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.
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