Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Ladenburg Thalmann & Co.
Current Parent Company: Reverence Capital Partners
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $1,200,000
Year: 2005
Date: April 14, 2005
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: NASD announced that Ladenburg Thalmann & Co. of New York, NY had agreed to refund $1.2 million, plus interest, to customers who were overcharged in proceeds transactions - transactions in which a customer sells securities through a broker and uses the proceeds to pay for other securities purchased at or about the same time.
Level of Government: federal
Action Type: agency action
Agency: Financial Industry Regulatory Authority
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: private equity (including portfolio companies)
Specific Industry of Current Parent: private equity (including portfolio companies)
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.