Violation Tracker Individual Record
NASD fined Diversified Investors Securities Corp. $1.3 million for facilitating impermissible market timing by certain institutional and other customers in its Diversified Investors International Equity Fund. The firm was also required to pay nearly $950,000 in restitution to the fund.
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).