|
|
Brokerage Firm The Harriman Group and Others Expelled and Fined
The NASD has fined $12.3 million and expelled The Harriman Group. For defrauding investors. The $12.3 million fine represents the illicit profits and excessive, undisclosed underwriting compensation that the firm made in connection with the firm's underwriting certain companies.
These companies underwritten were SIMS Communications, Inc., Natural Health Trends Corp. and International Cutlery Ltd.
Previously, the NASD fined $14.8 million and expelled Brian Scanlon, Mark Hanna, Maidstone Financial Inc. and two of its principals, Marshall Bernstein and Stuart Litman.
Source: NASD Press Release, September 15, 1999
|
About Us
|
News
|
Alerts
|
Articles
|
Caveat Emptor
|
SNSFE News
|
Contact
|
Search
Register
|
Free Opinion
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.
All content Copyright © 2008 Advocate Capital Management, Inc. except where noted. All rights reserved.
20 North Wacker Drive, Suite 2900, Chicago, Illinois 60606
Telephone: 312-621-4400 | Fax: 312-621-0268
|
|
|
|
