Violation Tracker Individual Record

Company: 
SunTrust Capital Markets, Inc.
Current Parent Company: 
Truist Financial
Penalty: 
$100,000
Year: 
2005
Date: 
May 9, 2005
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

NASD censured and fined SunTrust Capital Markets, Inc.-the Atlanta, GA-based bank-affiliated broker-dealer and investment bank-$100,000 for failing to register its 48 research analysts under new NASD rules that took effect in 2004.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Financial Industry Regulatory Authority
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
North Carolina
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Source of Data: 

SunTrust Capital Markets Fined $100,000 for Failing to Register Research Analysts under New Rules, PR Newswire, May 9, 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.