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April 15, 2014
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Blog, Securities Fraud
PNC Investments LLC (CRD# 129052, Pittsburgh, Pennsylvania) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $90,000. The firm has paid restitution to all affected customers. Without admitting or denying the findings, the firm consented to the described sanctions
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April 15, 2014
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Blog, Securities Fraud
Chase Investment Services Corp. (CRD #25574, Chicago, Illinois) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $825,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it failed to
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July 15, 2013
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Blog, Securities Fraud
Thomas Weisel Partners, LLC (CRD #46237, San Francisco, California) was fined $200,000. The sanction was based on findings that the firm allegedly failed to establish and maintain a supervisory system and procedures governing principal transactions the firm effected and that, as a result, transactions that had the
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July 15, 2013
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Blog, Securities Fraud
Securities America, Inc. (CRD #10205, La Vista, Nebraska) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured, fined $100,000, and required to conduct a comprehensive review of its systems for the review of email to ensure that those systems are reasonably designed to achieve compliance
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July 15, 2013
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Blog, Securities Fraud
Deutsche Bank Securities Inc. (CRD #2525, New York, New York) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $275,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it failed to establish and
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July 15, 2013
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Blog, Securities Fraud
Amerprise Financial Services, Inc. (CRD #6363, Minneapolis, Minnesota) submitted as Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $525,000.00. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it was required
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July 15, 2013
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Blog, Securities Fraud
M.D. Sass Securities, L.L.C. (139760, New York, New York) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $100,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it distributed marketing materials
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July 15, 2013
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Blog, Securities Fraud
Boenning & Scattergood, Inc. (CRD #100, West Conshohocken, Pennsylvania) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $50,000. Without admitting or denying the findings that it reported short interest positions when it should not have reported any short interest
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March 7, 2013
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Blog, Securities Fraud
The Tidal Group, Inc. (CRD #39782, Schertz, Texas) recentlysubmitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $20,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it provided inaccurate information
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March 5, 2012
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Blog, Securities Fraud
MML Investors Services, LLC recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured, fined $300,000 and required to review its supervisory systems and WSPs for compliance with its reporting obligations concerning the timely filing of Uniform Application for Securities Industry
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