stanley

The following month, the regulator imposed a $three million fine and ordered payments of $9.5 million to prospects for failing to give e-mail records in the course of arbitration proceedings. In 2004 NASD fined Morgan $250,000 for failing to comply with its discovery obligations in arbitration circumstances and then $two.2 million for failing to submit data on buyer complaints and broker disciplinary actions in a timely manner. About the similar time, Morgan agreed to spend $200,000 and modify its small business practices to settle charges by state regulators in Washington that the firm gave unsuitable investment suggestions to employees of...