NASD Member Firm: WORLD TRADE FINANCIAL CORPORATION
CRD Number: 42638
********************************************************************************
REGULATORY ACTIONS
********************************************************************************
DISCLOSURE INFORMATION
This section lists regulatory actions that were reported to the CRD and are
disclosable through the Public Disclosure Program. Disclosable regulatory
actions include formal proceedings initiated by a regulatory authority (i.e., a
state securities agency, the NASD, New York Stock Exchange, foreign regulatory
body, etc.) for a violation of investment-related rules or regulations. In
addition, revocations or suspensions of a broker's authority to act as an
attorney, accountant or federal contractor will appear here.
Some of the fields in this section of the report may be blank if the information
was not provided to CRD.
** OCCURRENCE COUNTS ** 1 Record(s)
********************************************************************************
** FIELD DEFINITIONS **
* Reporting Source: The form through which details of the regulatory
action was reported to CRD.
* Date Reported: The date the regulatory action was reported to CRD.
* Initiated By: The name of the securities regulator that initiated
the regulatory action (e.g., regulator, foreign
financial regulatory authority, self-regulatory
organization, federal agency such as SEC, state,
etc.).
* Date Initiated: Date the regulatory action was initiated.
* Docket/Case Number: Docket or case number of the regulatory action.
* Employing Firm: Firm where broker was employed when activity
occurred that led to the regulatory action.
* Allegations: Allegations made against the broker leading to the
regulatory action.
* Current Status: The current status of the regulatory action (i.e.,
pending, on appeal or final).
* Resolution: The resolution of the regulatory action (e.g.,
acceptance, waiver and consent; decision; decision
and order of offer of settlement; order; settled;
etc.).
* Resolution Date: The date the regulatory action was resolved.
* Sanction Details: Additional details regarding any sanctions ordered.
* Summary: A summary of the details related to the regulatory
action.
********************************************************************************
******** REGULATORY ACTION (1 of 1) ********
Reporting Source: Regulator (Form U-6)
Date Reported: 09/10/1999
Initiated By: THE NASD
Date initiated: 03/31/1999
Docket/
Case Number: C02980089
Allegations: 4/24/99GS: ON MARCH 31, 1999, DISTRICT NO. 2 NOTIFIED
RESPONDENTS AMBER SECURITIES CORPORATION AND ROBIN MICHELE
RUSHING THAT THE LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO.
C02980089 WAS ACCEPTED; THEREFORE, THEY ARE CENSURED, FINED
$5,000, JOINTLY AND SEVERALLY, AND RESPONDENT RUSHING IS
SUSPENDED FROM ASSOCIATION WITH ANY NASD MEMBER IN ANY
CAPACITY FOR 15 BUSINESS DAYS - (NASD RULE 2110 - RESPONDENT
MEMBER, ACTING UNDER THE DIRECTION AND CONTROL OF RESPONDENT
RUSHING, FAILED TO HAVE AND MAINTAIN SUFFICIENT MINIMUM NET
CAPITAL IN CONTRAVENTION OF SEC RULE 15C3-1.)
Current Status: Final
Resolution: Acceptance, Waiver & Consent(AWC)
NASDR Public Disclosure Program July 24, 2000 Page <PAGE#>
This information is current as of: 07/24/2000
________________________________________________________________________________
NASD Member Firm: WORLD TRADE FINANCIAL CORPORATION
CRD Number: 42638
REGULATORY ACTIONS(cont.)
Resolution Date: 03/31/1999
Sanctions
Ordered: Monetary/Fine, Censure
Monetary Amount: $5,000.00
Resolution
Details: CENSURED, FINED $5,000, JOINTLY AND SEVERALLY
Summary: 09/10/99BR: $5,000.00 PAID ON 05/03/99, INV. NO. 99-02-346.
***********************************
Reporting Source: Regulator (Form BD)
Date Reported:
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS
Date initiated: 03/30/1999
Docket/
Case Number: C02980089
Allegations: AMBER SECURITIES ACTING THROUGH ITS FORMER FINANCIAL PRINCIPAL,
ROBIN M. RUSHING, FAILED TO MAINTAIN THE REQUIRED MINIMUM NET
CAPITAL AS OF JUNE 30, 1998
Current Status: Final
Resolution: Acceptance, Waiver & Consent(AWC)
Resolution Date: 03/30/1999
Sanctions
Ordered: Monetary/Fine, Censure
Monetary Amount: $5,000.00
Resolution
Details: FINE OF $5,000.00 AGAINST AMBER SECURITIES AND ROBIN M. RUSHING
WAS PAID BY CHECK DATED MAY 1, 1999.
Summary: LETTER OF ACCEPTANCE, WAIVER AND CONSENT WAS ACCEPTED, AND BY
WHICH AMBER SECURITIES AND ITS FORMER FINANCIAL AND OPERATIONS
PRINCIPAL JOINTLY AND SEVERALLY CONSENTED TO A FINE OF
$5,000.00 AND THE FORMER FINANCIAL AND OPERATIONS PRINCIPAL
WAS SUSPENDED FROM ASSOCIATING IN ANY CAPACITY WITH AN NASD
MEMBER FOR 15 DAYS.
************ END OF REPORT ************ |
