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Violation Tracker Individual Record

Company: National Securities Corporation
Penalty: $60,000
Year: 2014
Date: November 3, 2014
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The SEC sanctioned 13 firms for violating a rule primarily designed to protect retail investors in the municipal securities market. In its surveillance of trading in the municipal bond market, the SEC Enforcement Division's Municipal Securities and Public Pensions Unit detected improper sales below a $100,000 minimum denomination set in a $3.5 billion offering of junk bonds by the Commonwealth of Puerto Rico.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
Source of Data: (click here)
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.