NASD Sanctions for Failure to Supervise

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Oct 17, 2006 8:24 am

and other violations as they apply to the "annuities" business:


http://www.nasd.com


The other violations include cold call brokers ignoring the DNC list.


My advice to rookies in this sector is make SURE you get your supervisor's okay in WRITING when you start working those telephones. That way if you call persons/entities on the DNC list, it's his/her butt, NOT yours.


Oct 17, 2006 12:24 pm

Bill, you're correct, I am not an attorney and your advice to these rookies is prudent.


Welcome back and thanks for helping me and the NASD keep them 100% in compliance with NASD rules.


Oct 17, 2006 9:42 pm

"Ignorance of the law is no excuse, in any country. If it were, the laws would lose their effect, because it can be always pretended... With us, there is no power which can suspend the law for a moment." --Thomas Jefferson to Andrew Limozin, 1787. ME 6:401

Oct 17, 2006 10:50 pm

According to Martha (Landon Thomas' last article), she didn't know why she was being prosecuted!