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2006



September

A.G. Edwards Fined $900,000 For Charging Customers Excessive Account Fees
Municipal Bond Investors May Pay Less Taxes
Citigroup Global Markets (Smith Barney) Liable Twice for Exercise and Hold Award and Jack Grubman's Manipulation of WorldCom Value
Edward Jones To Pay $127.5 Million to Settle Mutual Fund Deception Class Action

August

Banks Accused of Conflicts in Investing Trust Fund Monies In Proprietary Mutual Funds
Merrill Lynch Loses Arbitration Alleging It Failed To Hedge Concentrated Stock Holding

June

Tower Square Broker David Faubert of Connecticut Still Troubling Firm

May

"Lucky" Bayou Hedge Fund Investors To Be Sued To Recover Funds
NASD Plans "Sweep" Exams of Brokerage Firms To Detect Purchases of Equity Indexed Annuities
Waddell & Reed Settles Variable Annuity Policy Switching Complaint
NASD Expels Salomon Grey Financial and Owner Rowe
Investment Advisers Pay Dearly For Regulatory Compliance

March

Merrill Lynch Fined For Abusive, Second Class Service
SEC Penalizes New England Securities, McConnell and Rozek for Misrepresenting Advisory Client Rebalancing Services

January

NASD Issues List of "Professional" Designations





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