Former CEO fined, suspended in for supervisory violations in connection with fraudulent sales
The National Association of Securities Dealers today issued an updated Investor Alert warning investors about the risks associated with trading on margin. The regulator reports that since the release of a previous alert on this topic in 2003, the amount of debt taken on by investors to buy securities has reached a record high of […]
Redesigned service to provide more information for investors
Reorganized member regulation, enforcement and dispute resolution operations
Solicits proposals for research, education programs that protect investors from fraud
The National Association of Securities Dealers today announced that it has fined Raymond James Financial Services Inc. US$2.75 million for failing to maintain an adequate supervisory system to oversee the sales activities of over 1,000 producing branch managers.In a related action, NASD permanently barred one of those branch managers for recommending unsuitable mutual fund and […]
Pair facilitated hedge fund manager’s deceptive market timing, regulator alleges
Firms improperly entertained brokers, reimbursed guest expenses
High costs, pricing, impact on finances and privacy potential pitfalls
Fidelity Distributors failed to supervise for compliance, conflicts of interest