Violation Tracker Individual Record
NASD censured and fined Credit Suisse First Boston LLC $150,000 and required it to pay more than $600,000 in restitution for failing to provide six customers with the best available price at the opening on the first day of trading of MP3.com. NASD also found that CSFB failed to honor its published quotations for MP3 in 30 instances on the same day and fined it $20,000.
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).