 |
 |
|
|
|
|
|
|
|
| | | |
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
1
.
SEC COMMISSION OPINION
|
EXTRACTED KEY WORDS
STUDER NASD SECURITIES VIOLATIONS MARKUPS MANIPULATION FIRM SANCTIONS EXCHANGE ACT SUPERVISORY RESHONE COMMON STOCK REVIEW DISCIPLINARY ACTION SECURITIES DEALERS SUPERVISORY PROCEDURES COMMISSION NATIONAL ASSOCIATION REGISTERED SECURITIES FRAUDULENT MARKUPS COMMON STOCK SUPERVISORY SYSTEM RESPONSIBILITIES NATIONAL COMMITTEE CASTLE SECURITIES CORPORATION APPLICANTS RETAIL CUSTOMERS COMPLIANCE FAIR PRACTICE MEMBER FIRM |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
SECURITIES EXCHANGE ACT OF 1034
Rel. No. 39999 / May 18, 1998
Admin. Proc. File No. 3-9188
__________________________________________________
:
In the Matter of the Application of :
:
CASTLE SECURITIES CORPORATION :
45 Church Street, Suite 25 :
Freeport, NY 11520 :
:
and :
:
MICHAEL T. STUDER :
410 McDermott Road :
Rockville Centre, NY 11570 :
:
For Review of Disciplinary Action Taken by the :
:
NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. :
__________________________________________________:
OPINION OF THE COMMISSION
REGISTERED SECURITIES ASSOCIATION -- REVIEW OF DISCIPLINARY
PROCEEDINGS
Violations of Rules of Fair Practice
Manipulation
Excessive and Fraudulent Markups
Failure to Supervise
Member firm of registered securities association engaged in a
manipulation and charged excessive and fraudulent markups. The
firm
and its president failed to establish adequate supervisory
procedures
and supervisory system to detect and prevent manipulation and
excessive markups. Held, association's findings of violation and
SNIPPETS:
|
|
|
| | | |
|
|
