Firm an NASD member since 1958 (subject to name change in 1996). A general securities business clearing on a fully-disclosed basis. 16 branches. 10 registered principals and 90 RRs.
1999 State1 administrative complaint pending that alleges sales practice violations, supervisory lapses, and books/records violations. 1998 State2 issued ex parte cease and desist order for unregistered securities sales, supervisory lapses, and failing to respond to customer complaint.1998 firm consented to a cease and desist order issued by State3 arising from registration issues, agreeing to pay an administrative assessment of $7,500 and investigative costs of $3,000
In 1997 the firm entered into a consent degree in furtherance of a prior 1996 cease and desist order issued on consent by State4that alleged supervisory violations.
1993 AWC for books and records violations: $2,500 Fine/Censure.1998 AWC for MSRB violations: $4,000 fine/Censure.