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206.99.246.11
0.87 nasdr.com
Excerpt: Disciplinary Actions Disciplinary Actions Reported For November NASD Regulation, Inc. (NASD RegulationSM) has taken disciplinary actions against the following f...
0.87 nasdr.com
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Excerpt: NASD Regulatory & Compliance ALERT National Association of Securities Dealers, Inc. Volume 11, Number 4 December 1997 Contents Cover Stories NASD Reminds Member...
0.87 nasdr.com
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Excerpt: Disciplinary Actions Disciplinary Actions Reported For November NASD Regulation, Inc. (NASD RegulationSM) has taken disciplinary actions against the following f...
Amr I. Elgindy (Registered Principal, Colleyville, Texas) submitted an Offer of
Settlement pursuant to which he was fined $30,000, suspended from association
with any NASD member in any principal capacity for one year, suspended from
association with any NASD member in any capacity for 30 days, and required to
produce a copy of his member firm's implemented written supervisory procedures
specifically with respect to overseeing his activities to deter and detect a
recurrence of the conduct alleged in the complaint. Without admitting or denying
the allegations, Elgindy consented to the described sanctions and to the entry of
findings that he caused his member firm to execute 108 orders through SOES for
the firm's account. The findings also stated that Elgindy caused his member firm
to enter non-bona fide orders through the SelectNetSM System for the firm's
account that were either timed out or canceled by Elgindy before they could be
executed. Furthermore, the NASD found that Elgindy caused trades reported to
ACT to be canceled by failing to acknowledge or confirm such trades. The NASD
also determined that Elgindy failed to ensure that his member firm establish,
maintain, and enforce supervisory procedures that would have enabled the firm to
deter and detect the above conduct.
Form U-4 The Uniform Application for Securities Industry Registration or Transfer. Representatives of broker/dealers or investment advisers must use this form to become registered in the appropriate jurisdictions and with the appropriate federal and self-regulatory organizations.
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