Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: National Securities Corp.
Penalty: $600,000
Year: 2004
Date: August 19, 2004
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: financial institution supervision failures
Violation Description: National Securities Corp., based in Seattle, WA, was fined $300,000 and ordered to pay almost $300,000 in restitution to funds that were affected by the deceptive market timing. In addition, National was ordered to revise its supervisory systems to correct supervisory and email retention deficiencies.
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.