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Violation Tracker Individual Record

Company: Yankee Financial Group, Inc.
Penalty: $3,800,000
Year: 2005
Date: January 13, 2005
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: An NASD Hearing Panel expelled Yankee Financial Group, Inc. of Melville, NY for engaging in fraudulent, high-pressure, boiler-room operations. The panel ordered the firm and its president to pay 10 customers more than $3.8 million in restitution, plus interest and costs.
Level of Government: federal
Action Type: agency action
Agency: Financial Industry Regulatory Authority
Civil or Criminal Case: civil
Source of Data: NASD Hearing Panel Expels Yankee Financial for Fraud, Orders Payment of More Than $3.8 Million in Restitution, PR Newswire, January 13, 2005 (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.