Violation Tracker Individual Record
Company:
Lord Abbett Distributor, LLC
Penalty:
$255,000
Year:
2005
Date:
October 10, 2005
Offense Group:
financial offenses
Primary Offense:
investor protection violation
Violation Description:
NASD has fined eight broker-dealers-including seven retail firms and one mutual fund distributor- more than $7.75 million for directed brokerage violations.
Level of Government:
federal
Action Type:
agency action
Agency:
Financial Industry Regulatory Authority
Civil or Criminal Case:
civil
Source of Data:
NASD Charges Eight Firms with Directed Brokerage Violations, Imposes Fines Totaling More Than $7.75 Million, PR Newswire, October 10, 2005 (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.
