NASD Member Firm: TAYLOR STUART FINANCIAL
CRD Number: 39025
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REGULATORY ACTIONS
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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 ** 2 Record(s)
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** 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.
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******** REGULATORY ACTION (1 of 2) ********
Reporting Source: Regulator (Form BD)
Date Reported:
Initiated By: NATIONAL ASSSOCIATION OF SECURITIES DEALERS
Date initiated: 11/30/1999
Docket/
Case Number: E10980831 AND E10990212
Allegations: ALLEGED VIOLATION OF NASD CONDUCT RULES 2110, 2710 AND 3010;
NASD MEMBERSHIP AND REGISTRATION RULE 114; NASD MARKETPLACE
RULE 4619; SEC RULES 15C2-4, 15C3-1, 15G-2, 15G-3, 15G-5,
15G-9, 17A-3 AND 17A-5; REGULATION M RULE 101, AND MSRB RULE
A-12.
Current Status: Pending
Summary:
******** REGULATORY ACTION (2 of 2) ********
NASDR Public Disclosure Program March 04, 2001 Page <PAGE#>
This information is current as of: 03/02/2001
________________________________________________________________________________
NASD Member Firm: TAYLOR STUART FINANCIAL
CRD Number: 39025
REGULATORY ACTIONS(cont.)
Reporting Source: Regulator (Form U-6)
Date Reported: 05/01/1997
Initiated By: TEXAS STATE SECURITIES BOARD
Date initiated: 05/01/1997
Docket/
Case Number: FIN/CEN/SUS-1174
Allegations: Not Provided
Current Status: Final
Resolution: Consent
Resolution Date: 05/01/1997
Sanctions
Ordered: Monetary/Fine, Suspension
Monetary Amount: $30,000.00
Resolution
Details: STATE STREET SECURITIES, INC. CONSENTED TO AN ORDER IMPOSING A
$30,000.00 FINE, A REPRIMAND AND SUSPENSION BASED ON FINDINGS
THAT THEY VIOLATED SEC MARGIN RULES STATE, FEDERAL AND SRO
RECORD KEEPING REQUIREMENTS AND USED UNREGISTERED AGENTS. THE
ORDER REQUIRES THE DEALER TO HAVE A COMPLIANCE OFFICER AND
SUBMIT A COMPLIANCE REPORT WITHIN 90 DAYS SETTING FORTH
CERTAIN REVISIONS IN ITS COMPLIANCE SYSTEM. FOR MORE
INFORMATION CONTACT PABLO DEARKOS AT (512) 305-8717.
Summary: CONTACT: JOYCE MILLER (512) 305-8390
***********************************
Reporting Source: Regulator (Form BD)
Date Reported:
Initiated By: STATE SECURITIES BOARD OF THE STATE OF TEXAS
Date initiated: 01/28/1997
Docket/
Case Number: 97-13
Allegations: UTILIZATION OF UNREGISTERED PERSONS TO ACT AS AGENTS, FAILURE
TO ADEQUATELY SUPERVISE EMPLOYEES TO ENSURE COMPLIANCE WITH
THE AGENT REGISTRATION AND AND RECORD KEEPING REQUIREMENTS OF
THE TEXAS SECURITIES ACT AND THE RULES AND REGULATIONS OF THE
STATE SECURITIES BOARD.
Current Status: Final
Resolution: Order
Resolution Date: 04/30/1997
Sanctions
Ordered: Monetary/Fine, Suspension
Monetary Amount: $30,000.00
Resolution
Details: STATE STREET WAS SUSPENDED FROM MAKING MARKETS WITHIN THE STATE
OF TEXAS FOR TWO YEARS; STATE STREET WILL NOT SELL TO ANY
PERSON LOCATED IN TEXAS ANY SECURITY IN WHICH THEY ARE A
MARKET MAKER UNLESS SUCH PERSON HAS, AT THE TIME OF THE
TRANSACTION, A LIQUID NET WORTH OF $200,000 AND INVESTMENTS IN
SPECULATIVE SECURITIES DOES NOT EXCEED TEN PERCENT OF THE
PERSON'S NET WORTH.
Summary:
NASDR Public Disclosure Program March 04, 2001 Page <PAGE#>
This information is current as of: 03/02/2001
________________________________________________________________________________
NASD Member Firm: TAYLOR STUART FINANCIAL
CRD Number: 39025
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FIRM ARBITRATIONS
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DISCLOSURE INFORMATION
This section contains information regarding arbitration awards rendered in a
forum administered by the NASD that involve securities or commodities disputes
between NASD member firms and public customers.
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)
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** FIELD DEFINITIONS **
* Type of Event: Type of disclosure event (e.g., arbitration) that
details pertain to.
* Update: An indication (i.e., yes or no) as to whether the
information is an update to earlier information
reported about the arbitration proceeding.
* Arbitration Forum: Forum that administered the arbitration proceeding.
* Case Served Date: Date case was served on respondent(s).
* Case Number: Case number assigned to the arbitration proceeding.
* Allegations: Allegations made by the customer(s) which lead to
the arbitration proceeding.
* Type of Securities: Type of securities allegations relate to.
* Relief Asked: Alleged dollar amount of compensatory damages sought
by the customer(s).
* Disposition: Disposition of the arbitration proceeding.
* Disposition Date: Date of disposition.
* Relief Awarded: Details related to the relief awarded to the parties
involved in the arbitration proceeding.
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******** FIRM ARBITRATION (1 of 1) ********
Type of Event: ARBITRATION
Update: YES
Arbitration Forum: NASD
Case Served Date: 03/22/1999
Case Number: 99-01156
Allegations: FRAUDULENT ACTIVITY-SUITABILITY; ACCOUNT RELATED -
FAILURE TO SUPERVISE; FRAUDULENT ACTIVITY-CHURNING
Type of Securities: COMMON STOCK
Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $132,028.33
JOINTLY AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES,
ASKED AMOUNT $0.00 JOINTLY AND SEVERALLY; INTEREST,
ASKED AMOUNT $1,375.47 JOINTLY AND SEVERALLY;
ATTORNEY'S FEES, ASKED AMOUNT $17,175.00 JOINTLY AND
SEVERALLY; OTHER COSTS, ASKED AMOUNT $5,402.01 JOINTLY
AND SEVERALLY
Disposition: NO AWARD AGAINST PARTY
Disposition Date: 05/19/2000
Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST HAS BEEN
DENIED IN FULL; ACTUAL/COMPENSATORY DAMAGES, RELIEF
REQUEST HAS BEEN DENIED IN FULL; INTEREST, RELIEF
REQUEST HAS BEEN DENIED IN FULL; ATTORNEY'S FEES,
RELIEF REQUEST HAS BEEN DENIED IN FULL; OTHER COSTS,
RELIEF REQUEST HAS BEEN DENIED IN FULL
************ END OF REPORT ************ |
