Violation Tracker Individual Record

Company: 
Datek Online Brokerage Services, LLC
Penalty: 
$30,000
Year: 
2001
Date: 
February 8, 2001
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
financial institution supervision failures
Violation Description: 

NASD Regulation, Inc., announced a settlement resulting in a censure and $30,000 fine of Datek Online Brokerage Services, LLC, for incorrect disclosure in approximately 1 million customer confirmations and related supervisory failures.

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: 
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Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.