Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:NASD Hits 18 Firms with $1.2 MM in Fines Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, October 4, 2004

NASD Hits 18 Firms with $1.2 MM in Fines

by: Theresa Sim

NASD has fined SG Cowen and other firms for failing to maintain proper order audit trails, regulators announced in a Monday release.

SG Cowen received the largest fine: the company will pay $800,000 for failing to report 50 million orders over a four year period.

"The enforcement actions announced today are against a wide range of firms for violations such as missing reports, inaccurate data, and failure to correct data after it had been rejected," stated Mary Schapiro, NASD vice chairman.

Also paying fines (followed by fine amounts): Spear, Leeds & Kellogg, $75,000; Schwab Capital Markets, $70,000; Credit Suisse First Boston, $50,000; Carlin Equities Corp.: $35,000; FutureTrade Securities, $35,000; Pulse Trading Inc, $20,000; Scottrade, $16,000; Delta Asset Management Co., $15,000; Deutsche Bank Securities, $15,000; Doyle, Miles & Co., $12,500; Quantlab Securities, $12,500; BNY Brokerage Inc., $12,000; Index Securities, $11,000; Mid-Atlantic Capital Corp., $10,000; Options Trading Associates LLC, $10,000; Transcend Capital LP, $10,000, and UBS Securities LLC, $10,000. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use