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Search Results: failure to supervise
Results 110-120 of about 141
Date: December 8, 2010
Urban has been accused of failing to reasonably supervise stockbroker Stephen Glantz, who was involved a stock market manipulating scam with Innotrac Corp. stock. It is rare for the SEC to examine the actions of a general counsel.
Date: November 19, 2010
As Shepherd Smith Edwards & Kantas LTD LLP founder and securities fraud lawyer William Shepherd points out, “We have seen a number of complaints regarding LPL which seemed to stem from failure to supervise. Perhaps this is because LPL has ...
Date: October 26, 2010
The North American Securities Administrators Association says that broker-dealer compliance programs throughout the country tend to exhibit deficiencies in several key areas: • Registration and licensing • Sales practices • Operations • Supervisions • Books and records Failure to follow ...
Date: August 25, 2010
The SRO is also accusing the investment bank HSBC of inadequate supervision of the suitability of the CMO sales and failure to fully explain the risks involved in CMO investments to clients. The investment bank has already reimbursed clients $320,000.
Date: April 5, 2010
STMicro accused the broker-dealer of securities fraud , unjust enrichment, breach of contract, failure to supervise, and breach of fiduciary duty.
Date: March 15, 2010
The two men were accused of supervisory failures over allegedly fraudulent sales . Specifically, they allegedly inadequately supervised Leighton’s brother Joseph Leighton, who, at the time, was the firm’s top institutional sales trader.
Date: March 4, 2010
Galvin will submit a cease-and-desist order and findings against the broker-dealer over its unethical and dishonest conduct and the failure to properly supervise agents when they marketed and sold ARS. The redemptions will take place in three steps.
Date: February 23, 2010
Panel members found Morgan Keegan liable for failure to supervise, negligence, and for selling investments that were unsuitable for Stein and his companies. The claimants, who sustained financial losses, had initially sought $12 million.
Date: October 8, 2009
Shortfalls revealed included: • Failure to submit accurate information in the Federal Procurement Data System • Failure to keep accurate information and records about contracting and procurement • Failure to engage in contract close-out procedures that are in accordance with ...
Date: September 28, 2009
FINRA says that the firms’ failure to adequately supervise communications with customers cost investors hundreds of thousands of dollars. By agreeing to settle, none of the broker-dealers are agreeing to or denying wrongdoing. The three firms acted as the Vonage ...
