Violation Tracker Individual Record
NASD has fined eight broker-dealers-including seven retail firms and one mutual fund distributor- more than $7.75 million for directed brokerage violations.
NASD Charges Eight Firms with Directed Brokerage Violations, Imposes Fines Totaling More Than $7.75 Million, PR Newswire, October 10, 2005 (via Nexis).
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).