NASD Fines Merrill Lynch $5 Million for Call Center Supervisory Failures, Sales Contest Violations
Tuesday, August 28th, 2007Washington, D.C.
Archive for August, 2007
Prudential Fined for Fraud
Friday, August 24th, 2007Pruco Securities, LLC (CRD #5685, Newark, New Jersey) and Prudential
Investment Management Services LLC (CRD #18353, Newark, New Jersey)
submitted a Letter of Acceptance, Waiver and Consent in which they were
censured, fined $525,000, jointly and severally, and required to conduct an
audit and prepare written findings regarding their compliance with NASD
rules relating to the filing, approval and recordkeeping requirements for
advertisements and sales literature…
