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Violation Tracker Individual Record

Company: Zions Direct, Inc.
Current Parent CompanyZions Bancorporation
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $225,000
Year: 2010
Date: August 25, 2010
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The Financial Industry Regulatory Authority fined Zions Direct, Inc. $225,000 for failing to disclose the potential conflict of interest created by the participation of its affiliate, Liquid Asset Management, in online CD auctions conducted by Zions involving certificates of deposit issued by Zions-affiliated banks.
Level of Government: federal
Action Type: agency action
Agency: Financial Industry Regulatory Authority
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Utah
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data(click here)
Notes: FINRA is a securities industry self-regulatory body authorized by the federal government.
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.