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Violation Tracker Individual Record

Company: Ko Securities, Inc.
Penalty: $162,450
Year: 2001
Date: November 5, 2001
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: financial institution supervision failures
Violation Description: NASD Regulation, Inc. announced that a disciplinary Hearing Panel had fined Ko Securities, Inc. together with its president nearly $150,000 for short-selling more than 46,000 shares of EntreMed, Inc., on May 4, 1998, without first ascertaining that the stock in question could be borrowed or delivered. The panel also fined Ko Securities $15,000 for other violations of federal securities laws and NASD rules.
Level of Government: federal
Action Type: agency action
Agency: Financial Industry Regulatory Authority
Civil or Criminal Case: civil
Source of Data: (click here)
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.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.