FINRA levies $2.8 million in fines on 19 broker-dealers

01/9/2008 | Wall Street Journal (free content), The

The Financial Industry Regulatory Authority has ruled that 19 broker-dealers overstated their trade volumes and fined them between $50,000 and $200,000 each. The eight firms receiving the heaviest fines include Broadpoint Capital, CIBC World Markets, Lehman Bros., Merrill Lynch Pierce Fenner & Smith, Needham & Co., Robert W. Baird & Co., Thomas Weisel Partners and UBS Securities.

View Full Article in:

Wall Street Journal (free content), The

Published in Brief: