Can I read NASD Disciplinary Action Against NevWest on EtoBox?
NASD Disciplinary Action Against NevWest by ANTONYSANTOS17 is a document available to read on EtoBox.
What is NASD Disciplinary Action Against NevWest about?
Between 2003 and 2005, NevWest Securities failed to adequately implement anti-money laundering procedures and monitor suspicious activity in the accounts of one of its customers, JE. JE conducted over 500 transactions totaling over $53 million involving a sub-penny stock and made 139 wire transfers totaling $43 million from 28 accounts at NevWest with no apparent lawful purpose. This violated NASD and MSRB rules requiring adequate anti-money laundering programs and monitoring for suspicious activity. As a r
- Author
- ANTONYSANTOS17
- Language
- EN