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2004



December

First Command Financial Services Fined $12 Million for Misleading Investors
NASD Fines 29 Firms $9.2 Million for Late Reporting of Information Such As Customer Complaints

November

Citigroup Fined For Misleading Hedge Funds To Investors

October

Forstmann Little & Co. Pays $15 Million to Settle Connecticut Pension Fund Litigation
Are REITs Overvalued?

September

SEC Approves New Compliance Rule to Protect Investors
$19 Million Fine Imposed Upon Morgan Stanley for Failure to Deliver Prospectuses to Customers and For Other Supervisory Failures

August

NASD Fines Citigroup, Merrill and Morgan Stanley for Arbitration Abuse
SEC Fines 7 Brokerage Firms for Failing to Disclose Receiving Payments for Research Coverage

June

NASD Expels Continental Broker-Dealer Corp. and Disciplines Others
NASD and SEC Hammer Variable Annuity Sales Practices
Connecticut's Claim of Pension Mismanagement Will Go To Trial
Merrill Lynch Ex-Analyst for Tyco and Honeywell Fined and Suspended

April

Technology, Competition and Regulatory Pressures Lower Commissions
Money Managers Praise S&P For New Float Adjusted Index Weightings

February

Merrill Lynch Ordered To Pay $6 Million Due to Advice to Exercise Employee Stock Options and Hold Stock
NYSE Disciplines Salomon Smith Barney Regarding Advice in Exercising Worldcom Employee Stock Options and Holding Worldcom Stock
Worldcom Securities Holders Class Action Opt-Out Deadline

January

CIBC to Pay $80 Million for Role in Enron Fraud
SEC Halts $800 Million Investment Fraud by Financial Advisory Consultants in Orange County
Marque Millennium Group Settles SEC's Fraud and Failure to Supervise Charges
Lawsuit Claims Prudential Insurance Co. Misused Its Own Pension Assets






   
 
 
 
 



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Sponsored by James J. Eccleston, an attorney representing stockbrokers, financial planners and investors nationwide in arbitration, litigation and regulatory matters, and a shareholder with the law firm Shaheen, Novoselsky, Staat, Filipowski & Eccleston P.C.(www.snsfe-law.com). This Web site contains material of general interest. It is neither intended to, nor constitutes, either legal advice or investment advice. Always consult an attorney and/or investment advisor when building and protecting your wealth.

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