Displaying 133 results
Citigroup slapped with $50 million fine
NYSE Regulation censured and fined Smith Barney $50 million for trading and record-keeping violations.
Securities America fined $375,000
A securities company has been fined for improperly shared directed brokerage commissions.
NYSE Reg deals out July fines
NYSE Regulation Inc., the regulatory body of NYSE Euronext, had fined six companies and 13 individuals this month.
A.G. Edwards fined for poor supervision
An NASD arbitration panel found A.G. Edwards liable for $258,300 for failure to properly supervise broker Robert Canfield.
Mellon settles with gov’t for $16.5 million
Mellon Bank will pay $16.5 million to settle claims that it let employees destroy thousands of federal tax returns and payments.
NASD hands down hefty rulings
NASD has hit four broker-dealers with upwards of a combined $1.25 million in fines for violating mutual fund rules.
Hancock pays $21.2M to settle inquiry
John Hancock will pay $21.2 million to settle an investigation of the firm's failure to disclose revenue sharing schemes.
Wachovia slapped with $2M fine
NASD has fined Wachovia $2 million for failing to adequately supervise its fee-based brokerage business.
Morgan hit for faulty oversight
Morgan Stanley has been fined $500,000 for failing to supervise registered representatives, NYSE Reg said.
NYSE Reg delivers June fines & censures
NYSE Regulation Inc. announced that it disciplined five firms and 21 individuals this month.
Hilliard Lyons slapped with $1M fine
NYSE Regulation has fined J.J.B. Hilliard, W.L. Lyons $1 million for selling unregistered securities.
Brocade to pay $7 million, says report
Embattled tech company Brocade Communications Systems will pay a $7 million fine to settle accusations that it improperly issued stock options to employees, according to The Wall Street Journal.
Barclays settles probe for $10.9 million
Barclays Bank has agreed to pay $10.9 million to settle an insider trading probe by the SEC.
NASD hits HSBC with fine
NASD has fined New York's HSBC Brokerage $250,000 for failing to ensure best execution of its government securities orders.
BISYS slapped with $25 million fine
The BISYS Group will pay $25 million to settle charges of faulty bookkeeping and reporting, the SEC said.
NFA hits Chicago, Toronto firms
National Futures Association has announced that it has suspended two firms and fined a third.
SEC settles fraud case
The Securities and Exchange Commission has settled civil charges with a former executive at Oppenheimer & Co. Inc. and three others over a scheme to defraud savings banks and their depositors.
Oracle VP fined for insider trading
The Securities and Exchange Commission has fined a former Oracle Corp. vice president $198,000 for trading on confidential information about the company's acquisition targets he got from his wife, another employee of the company.
Defunct hedge fund fined $716,000
Toppled hedge fund Amaranth Advisors LLC, has been censured by the Securities and Exchange Commission and has agreed to pay $716,000 to settle charges of violating securities rules, the SEC said.
Morgan Stanley to pay $7.9 million
Morgan Stanley & Co. Inc. will pay $7.9 million for its failure to provide best execution to certain retail orders for over-the-counter securities, the Securities and Exchange Commission announced today.
