Violation Tracker Individual Record
NASD Regulation, Inc. censured and fined Banc One Capital Markets, Inc., $1.8 million for inadequate net capital, insufficient customer reserves and inaccurate books and records. Banc One, a broker/dealer subsidiary of Bank One Corporation, a bank holding company, entered into a settlement with NASD Regulation in which the firm neither admitted nor denied the allegations.
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).