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Violation Tracker Individual Record

Company: Credit Suisse Securities (USA), LLC
Current Parent Company: UBS
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
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Penalty: $225,000
Year: 2006
Date: July 17, 2006
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: NASD imposed fines totaling $775,000 against Citigroup Global Markets, Inc., Credit Suisse Securities (USA), LLC and Morgan Stanley & Co. Incorporated for numerous violations of NASD's research analyst conflict of interest rules.
Level of Government: federal
Action Type: agency action
Agency: Financial Industry Regulatory Authority
Civil or Criminal Case: civil
HQ Country of Current Parent: Switzerland
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data: NASD fines Citigroup, Credit Suisse, Associated Press, July 17, 2006 (via Nexis).
Notes: FINRA is a securities industry self-regulatory body authorized by the federal government. This case was handled by its predecessor, the National Association of Securities Dealers (NASD).
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.