RRBDLAW.com: NASD Cases

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Jan 11, 2007 9:17 am

Wall Street’s Dirty Little Secrets
  Uncovered and analyzed at http://RRBDLAW.com<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

And irreverently chided at http://BrokeAndBroker.com

 

January 11, 2007

 

Nationally-known securities-industry lawyer Bill Singer analyzes this month’s regulatory docket, and offers his provocative commentary. 

 

http://rrbdlaw.com/RegulatoryLinks/CASESOFNOTE/NASD/2006.htm

 

What was this guy thinking when he let his customers trade through the website of an expelled member firm?  <?:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />Chad Eugene Miller AWC/#20050005531-01/December 2006

 

This one has a certain ring to it: A broker sent a customer a false statement on a defunct company’s letterhead purporting to show fictitious investments.  Dennis Qi Chen #E8A2004107002/December 2006

 

You see, one of the points in maintaining a tape back-up of emails is that you’re not supposed to be taping over the archived tapes. Hampton Securities (USA), Inc.  AWC/#2006003899801/December 2006

 

Bad enough that Rappaport was suspended by NASD, but then he remained active in the management of his member firm.  Westpark Capital, Inc. and Richard Alyn Rappaport (Principal)

AWC/#E022004062801/December 2006

 

 

Then there was the unusual sanction in which a firm was prohibited from offering hedge fund interests or opening new hedge fund accounts for 6 months. J.P. Turner & Company, L.L.C and S. Cheryl Bauman (Principal) 

AWC/#E072003011201/December 2006

http://rrbdlaw.com/RegulatoryLinks/CASESOFNOTE/NASD/2006.htm

 

RRBDLAW.com is a leading securities-industry legal/regulatory website.  BrokeAndBroker.com is a new blog. The content is published by Bill Singer, a veteran Wall Street regulatory lawyer who represents both the industry and the public. 

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