Violation Tracker Individual Record

Company: 
Commerce Brokerage Services, Inc.
Penalty: 
$525,000
Year: 
2008
Date: 
November 18, 2008
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
financial institution supervision failures
Violation Description: 

Commerce Brokerage agreed to pay $500,000 to the Investor Education and Protection Fund and $25,000 in costs in settlement of allegations it failed to reasonably supervise its agents engaged in marketing and sales of Auction Rate Securities.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Missouri Secretary of State-Securities
Civil or Criminal Case: 
civil
Facility State: 
Missouri
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.