Violation Tracker Individual Record
An NASD Hearing Panel expelled Yankee Financial Group, Inc. of Melville, NY for engaging in fraudulent, high-pressure, boiler-room operations. The panel ordered the firm and its president to pay 10 customers more than $3.8 million in restitution, plus interest and costs.
NASD Hearing Panel Expels Yankee Financial for Fraud, Orders Payment of More Than $3.8 Million in Restitution, PR Newswire, January 13, 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).