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Violation Tracker Individual Record

Company: Robertson Stephens, Inc.
Penalty: $275,000
Year: 2004
Date: April 7, 2004
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: financial institution supervision failures
Violation Description: NASD censured and fined Robertson Stephens, Inc. and its former senior investment banker a total of $350,000 for threatening to discontinue research coverage of a public company unless that company paid Robertson Stephens $1 million in investment banking fees.
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.