Violation Tracker Individual Record
: Commonwealth Financial Network
: October 10, 2005
: financial offenses
: investor protection violation
: NASD has fined eight broker-dealers-including seven retail firms and one mutual fund distributor- more than $7.75 million for directed brokerage violations.
Level of Government
: agency action
: Financial Industry Regulatory Authority
Civil or Criminal Case
Source of Data
: NASD Charges Eight Firms with Directed Brokerage Violations, Imposes Fines Totaling More Than $7.75 Million, PR Newswire, October 10, 2005 (via Nexis).
: 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).
: 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