finra

FINRA

2005 News Releases

   

December 28, 2005 -   Bird Flu Stock Scam Hazardous to Financial Health, NASD Alert Warns
December 27, 2005 -   NASD: 2005 in Review
December 22, 2005 -   Kidz Online Awarded $340,294 Grant by NASD Foundation for Financial Literacy Web Show
December 22, 2005 -   NASD Foundation Awards Grant to University of Tennessee to Deliver Workplace Investor Education to Young Adults
December 22, 2005 -   NASD Foundation Okays Investor Education Grant To Benefit Tribal Youth
December 22, 2005 -   NASD Foundation Funds Online Learning Tool for Young Investors
December 22, 2005 -   NASD Foundation Approves Grant for National 4-H Investment Club Program
December 22, 2005 -   NASD Foundation Awards Grant to Southern New Hampshire University To Develop Financial Literacy Training Program for High School Students
December 20, 2005 -   Hedge Fund Manager, Former Broker John F. Mangan, Jr. Barred, Fined $125,000 To Resolve Charges in PIPE Shares Deal
December 19, 2005 -   NASD Fines Merrill Lynch, Wells Fargo and Linsco $19.4 Million For Improper Sales of Class B and C Mutual Fund Shares
December 16, 2005 -   NASD Foundation Funds Educational Programs for Young Adult Investors
December 13, 2005 -   NASD Cautions Investors About Cell Phone Spam Touting Hot Stock Tips
December 13, 2005 -   NASD Orders Chase Investment Services to Pay More Than $290,000 For Permitting Hedge Fund to Market Time Mutual Fund Shares
December 12, 2005 -   NASD Fines Clearing Firm, Two Other Firms More Than $300,000 For Facilitating Violations of Net Capital Rule
December 01, 2005 -   NASD Fines Ameriprise Financial Services $12.3 Million for Directed Brokerage Violations
November 29, 2005 -   NASD Charges Kirlin Securities, Two Individuals in Fraudulent Scheme To Avoid Nasdaq Delisting of Parent Company by Manipulating Stock Price
November 22, 2005 -   NASD Fines State Street Global Markets Record $1.4 Million For Corporate and Municipal Bond Trade Reporting Violations
November 16, 2005 -   NASD Launches New Online Tools for Investors, Brokers
October 31, 2005 -   NASD Fines Three Firms $6.75 Million, Expels a Fourth Firm for Corporate High Yield Bond Trade Violations
October 26, 2005 -   NASD Fines Ameriprise Financial Services, Inc. $500,000 for Supervisory Violations in 529 College Savings Plan Sales
October 19, 2005 -   Green Street Advisors Fined $150,000 for Issuing Research Reports Prepared by Unregistered Research Analysts
October 18, 2005 -   NASD Fines Instinet and INET ATS $1,475,000 for Inaccurate Execution Quality Reports, Inadequate Supervision and Other Violations
October 17, 2005 -   NASD, Bloomberg Launch Revolutionary Corporate Bond Indices
October 10, 2005 -   NASD Charges Eight Firms with Directed Brokerage Violations, Imposes Fines Totaling More Than $7.75 Million
October 06, 2005 -   NASD, NYSE Regulation, and NASAA Applaud SEC Approval of New, Uniform Definition of "Branch Office" and Centralized Registration System
October 03, 2005 -   NASD Orders ING Funds Distributor to Pay $1.5 Million Fine, $1.4 Million in Restitution for Permitting Improper Market Timing
October 03, 2005 -   NASD Fines Janney Montgomery Scott $1.2 Million for Market Timing and Other Violations; Orders Restitution of Nearly $1 Million
October 03, 2005 -   NASD Fines First Allied Securities Over $400,000, Orders More Than $325,000 in Restitution for Market Timing Violations
September 30, 2005 -   NASD Fines David Lerner Associates $115,000 For Misleading Advertising and Communications With The Public
September 29, 2005 -   Edward D. Jones Fined $300,000 for Failing to Disclose Municipal Bond Yields on Confirmations to Customers
September 27, 2005 -   NASD to Expand Public Dissemination of Corporate Bond Transaction Data
September 16, 2005 -   NASD Issues Alert Warning Investors of Stock Fraud after Katrina
September 14, 2005 -   NASD DR Reduces Mediation Prices in October during 'Settlement Month' As NASD's Mediation Program Celebrates 10-Year Anniversary
September 06, 2005 -   NASD Issues Alert on Financial Scams Targeting Non-U.S. Investors
September 02, 2005 -   NASD Issues Guidance, Offers Relief to Firms Affected by Katrina
August 25, 2005 -   NASD Foundation Funds Investor Education Training Program for Low-Income Young Adults Through PASE
August 11, 2005 -   NASD Fines Hantz Financial $675,000 for Fraud, Misrepresentations Related to Undisclosed Revenue Sharing Arrangements
August 08, 2005 -   NASD Issues Guidance Regarding Equity Indexed Annuity Sales
August 02, 2005 -   NASD Orders Morgan Stanley to Pay Over $6.1 Million for Fee-Based Account Violations
July 28, 2005 -   NASD Warns Investors to Protect Online Account Information
July 27, 2005 -   NASD Acts to Clarify, Expand Regulatory Relief For Associated Persons on Active Military Duty
July 26, 2005 -   NASD, NYSE Regulation and U.K.'s Securities & Investment Institute Agree to Create New, International Securities Qualification Exam
July 25, 2005 -   NASD DR Seeks to Tighten Definition of "Public Arbitrator"
July 06, 2005 -   NASD Fines Hornor, Townsend & Kent, Inc. $325,000 for Improper Sales Contests, Email and Supervision Violations
June 29, 2005 -   NASD Fines 20 Firms $1.65 Million for Municipal Trade Reporting Violations
June 14, 2005 -   NASD Charges Gunnallen Broker with Threatening Public Company
June 13, 2005 -   NASD Charges Pennsylvania's Scott W. Ryan, Ryan & Company with Impermissible Short Selling Scheme for Hedge Fund Clients
June 09, 2005 -   NASD Fines Morgan Stanley $2.7 Million for IPO Lock-Up Violations; J.P. Morgan to Pay $150,000, Goldman Sachs $125,000 for Similar Violations
June 08, 2005 -   NASD Charges 15 Firms with Directed Brokerage Violations, Imposes Fines Totaling More than $34 Million
June 03, 2005 -   Statement of NASD Chairman and CEO Robert R. Glauber Regarding the Nomination of Representative Christopher Cox to Become Chairman of the Securities and Exchange Commission
June 01, 2005 -   Statement of NASD Chairman and CEO Robert R. Glauber Regarding the Resignation of SEC Chairman William H. Donaldson
May 25, 2005 -   NASD Puts Focus on "Hot" Compliance Issues with E-Learning Exchange, Free Webcasts Designed to Educate Frontline Staff
May 24, 2005 -   NASD Unveils Online "Smart Bond" Learning Center Aimed at Growing Number of Retail Investors in Bond Markets
May 18, 2005 -   Hedge Fund Manager Hilary Shane Barred, to Pay $1.45 Million to Settle NASD, SEC Fraud and Insider Trading Charges Related to Purchase and Sale of Compudyne PIPE Shares
May 09, 2005 -   SunTrust Capital Markets Fined $100,000 for Failing to Register Research Analysts Under New Rules
May 05, 2005 -   NASD Charges Oppenheimer & Co. With Thwarting Investigation, Late and Inaccurate Reporting of Thousands of Muni Bond Transactions
May 04, 2005 -   NASD Investor Education Foundation Calls for Research Aimed at Improving Information Disclosed to Investors
April 29, 2005 -   Waddell & Reed, Inc. Agrees to Pay $5 Million Fine, up to $11 Million in Restitution to Settle NASD Charges Relating to Variable Annuity Switching Campaign
April 27, 2005 -   NASD Fines Raymond James $750,000 for Fee-Based Account Violations
April 25, 2005 -   NASD Proposes Revising Definition of Public Arbitrator
April 21, 2005 -   NASD Proposes Banning Most Cash Sales Contests
April 20, 2005 -   Former Knight Trader Joseph Leighton Barred, Ordered to Pay $4 Million to Settle Charges of Fraudulent Trades with Institutional Customers
April 14, 2005 -   Ladenburg Thalmann Agrees to Repay $1.2 Million to Customers Overcharged in Proceeds Transactions
April 13, 2005 -   Better Business Bureau Investor Ed Project Wins NASD Foundation Nod
April 13, 2005 -   NASD Foundation Funds Princeton Study to Explore How Bias Affects Investment Decisions
April 13, 2005 -   NASD Foundation Funds Rutgers University-Camden Study to Explore 401(k) Fund Choices by Women Investors
April 13, 2005 -   NASD Foundation Funds Model Law Clinic in Chicago
April 13, 2005 -   NASD Foundation Funds CFA Project to Increase Investor Knowledge of Mutual Funds
April 13, 2005 -   Investing, His & Hers: NASD Foundation Funds Iowa Study to Explore How Gender Affects Investing Behavior
April 13, 2005 -   NASD Foundation Funds Study to Learn Why Elderly are More Frequently Victimized by Financial Fraud Crimes
April 13, 2005 -   Helping Women Play Games with their Financial Futures
April 13, 2005 -   NASD Promotes Investor Education in Louisiana
April 13, 2005 -   NASD Foundation Funds Investor Education Program for Native Americans
April 13, 2005 -   NASD Sanctions First Command Broker for Deceptive Conduct
April 06, 2005 -   NASD Offers Firms Best Practices for Reviewing New Investment Products
April 05, 2005 -   NASD Investor Education Foundation Announces 2005 Grant Cycle
April 04, 2005 -   NASD Endorses Concise, Web-Based Point of Sale Mutual Fund Disclosure
March 31, 2005 -   Florida Brokerage Firm LH Ross Expelled, Owner Franklyn Michelin Barred for Life to Settle NASD Charges of Widespread, Ongoing Fraud
March 30, 2005 -   Thomas Weisel Partners to Pay $1.75 Million to Settle NASD Charges of IPO, E-Mail Retention Violations
March 28, 2005 -   NASD Expands Reach of Dispute Resolution Forum To All 50 States
March 23, 2005 -   NASD Fines Citigroup Global Markets, American Express and Chase Investment Services More Than $21 Million for Improper Sales of Class B and C Shares of Mutual Funds
March 22, 2005 -   NASD Fines Spear, Leeds & Kellogg $1 Million for Concealing Sales of IPO Shares
March 16, 2005 -   Jefferson Pilot to Pay Over $500,000 in First VUL Market Timing Action; NASD Also Fines Affiliate $125,000 for E-Mail Retention Violations
March 07, 2005 -   NASD Charges Knight Securities' Kenneth Pasternak, John Leighton With Supervisory Violations in Fraudulent Sales to Institutional Customers
March 03, 2005 -   NASD Investor Education Foundation Announces First Grant Awards
February 25, 2005 -   NASD Issues Summary Suspension of Brokerage LH Ross
February 24, 2005 -   NASD Charges California Broker With Fraud in Municipal Securities Transactions
February 23, 2005 -   NASD Fines Former Jesup & Lamont Research Analyst for Trading Contrary to His Own Recommendations
February 22, 2005 -   NASD Fines Quick & Reilly, Piper Jaffray $845,000 for Directed Brokerage Violations
February 17, 2005 -   NASD Warns Investors Too Much Company Stock Can Jeopardize Financial Future
February 16, 2005 -   NASD Charges American Funds Distributors, Inc. with Arranging $100 Million in Directed Brokerage Commissions for Top Sellers of American Funds
February 07, 2005 -   NASD's Fully Implemented "TRACE" Brings Unprecedented Transparency to Corporate Bond Market
February 02, 2005 -   NASD Investor Education Foundation Announces New Grant Program
January 31, 2005 -   NASD Bars Todd Eberhard, Former Park South Chairman and Once-Popular Television Personality
January 27, 2005 -   New Arbitration Rule Requires Award Explanations Upon Investor Request
January 21, 2005 -   NASD Fines Scottrade, Inc. $250,000 for Improperly Extending Credit to Cash Account Customers
January 19, 2005 -   NASD Panel Expels Florida Brokerage LH Ross, Orders Nearly $12 Million in Fines, Restitution; Issues First Permanent Cease and Desist Order
January 14, 2005 -   NASD Fines Analyst $75,000 for Circulating Rumor
January 13, 2005 -   NASD Hearing Panel Expels Yankee Financial for Fraud, Orders Payment of More Than $3.8 Million in Restitution
January 12, 2005 -   Banc One Securities Corporation Fined $400,000 for Supervisory Failures Relating to Late Trading
January 04, 2005 -   NASD Members Elect Seven Governors to Board