Violation Tracker Individual Record

Company: 
Banc One Capital Markets, Inc.
Penalty: 
$1,800,000
Year: 
2001
Date: 
April 5, 2001
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

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.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Financial Industry Regulatory Authority
Civil or Criminal Case: 
civil
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.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.