Violation Tracker Individual Record

Company: 
Friedman, Billings, Ramsey & Co., Inc.
Current Parent Company: 
Arlington Asset Investment Corp.
Penalty: 
$4,000,000
Year: 
2006
Date: 
December 20, 2006
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
financial institution supervision failures
Violation Description: 

Friedman, Billings, Ramsey & Co., Inc. agreed to pay $4 million to NASD to resolve charges relating to improper trading in shares of Compudyne Corporation. It also paid another $3.8 million to the SEC; see https://violationtracker.goodjobsfirst.org/violation-tracker/-friedman-b...

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Financial Industry Regulatory Authority
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Virginia
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
investment management
Source of Data: 

FBR to Pay Regulators $7.7 Million to Resolve Charges Related to Improper Short Selling of Compudyne PIPE Shares, PR Newswire, December 20, 2006 (via Nexis).

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.