encourages investors to report these scams by forwarding stock spam emails to spam@nasd.
According to NASD
officials, conference events included a Friday night "sock hop," a "beach bash" and an elaborate dinner at a Civil War fort.
Gilkison failed to respond to the complaint on the matter and a default decision was entered against him, NASD
In late 1994, the NASD
proposed new rules governing sales of securities on bank premises by member firms.
rules are designed to prevent point-of-sale incentives from compromising a broker's objectivity in matching the investment needs of the customer with the appropriate investment product.
All broker and dealer annuity sales, under the NASD
proposal, would have to be reviewed and signed off by a company principal, who must approve in writing the customer's suitability for the purchase.
The announcement by Jones came less than two weeks after it was disclosed that erroneous guidelines issued by the NASD
caused the mistaken deletion of information from the records of 461 brokers.
accepted the censure without admitting or denying the charges, and issued a statement emphasizing the reforms it had already made under the prodding of a commission chaired by Warren Rudman, the former Republican senator from New Hampshire.
Slater was left with no real choice but to file a NASD
arbitration claim in August of 2005 seeking to have removed information placed upon his Registration Record by Merrill Lynch that was only placed there after he left Merrill Lynch which he believed was defamatory, improperly reported and damaging to his business reputation.
Collectively, these changes should significantly reduce the number of discovery disputes in NASD
arbitrations involving customer disputes.
This week the NASD
named new outside directors to its boards, a milestone in a much-publicized overhaul recommended by former Sen.
Industry Veteran Samuel Lek Intends to Champion Regulatory Reform Through Pursuit of a Position on the NASD
National Adjudicatory Council