CONT.: NASD Member Firm: KENSINGTON CAPITAL CORP.
CRD Number: 1742
REGULATORY ACTIONS(cont.)
Docket/
Case Number: C10990140
Allegations: FIRM FAILED TO TIME STAMP A NUMBER OF ORDER TICKETS: AND DID
NOT HAVE CORRECT SYMBOL INDICATING WHETHER A TRANSACTION WAS
AS A PRINCIPAL OR AS AN AGENT ON THEIR AUTOMATIC TRANSACTION
REPORT. (MARKETPLACE RULE 6130(D) SEC RULE 17A-3(A)(6).)
Current Status: Final
Resolution: Acceptance, Waiver & Consent(AWC)
Resolution Date: 08/27/1999
Sanctions
Ordered: Monetary/Fine
Monetary Amount: $2,000.00
Other Sanctions: NONE
Resolution
Details: FINE OF $2,000.00
Summary: NONE
******** REGULATORY ACTION (4 of 7) ********
Reporting Source: Regulator (Form U-6)
Date Reported: 07/29/1988
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Date initiated: 07/29/1988
Docket/
Case Number: NY-6019-AWC
Allegations:
Current Status: Final
Resolution: Consent
Resolution Date: 07/29/1988
Sanctions
Ordered: Monetary/Fine, Censure
Monetary Amount: $1,000.00
Resolution
Details:
Summary: ON JULY 29, 1988, THE LETTER OF ACCEPTANCE, WAIVER AND CONSENT
NO. NY-6019-AWC (DISTRICT NO. 12) SUBMITTED BY RESPONDENTS
KENSINGTON CAPITAL CORP. AND BENJAMIN ENGLANDER WAS ACCEPTED;
THEREFORE, THEY ARE CENSURED AND FINED $1,000.00, JOINTLY AND
SEVERALLY (ARTICLE III, SECTIONS 1, 21 AND 27 OF THE RULES OF
FAIR PRACTICE - USED THE SPECIAL ACCOUNT FOR THE EXCLUSIVE
BENEFIT OF CUSTOMERS FOR BOTH CUSTOMER FUNDS AND AS AN
OPERATING ACCOUNT; FAILED TO EVIDENCE THAT TWO INDIVIDUALS HAD
BEEN FINGERPRINTED; INACCURATELY COMPUTED NET CAPITAL; FAILED
TO TIME ORDER TICKETS UPON ENTRY; AND, FAILED TO EVIDENCE
SUPERVISION IN WRITING). *****$1,000 FINE PAID J&S 10/11/88 -
DEPOSIT #113*****
***********************************
Reporting Source: Firm (Form BD)
Date Reported:
Initiated By: NASD
Date initiated: 07/29/1988
Docket/
Case Number: NY6019 AWC
Allegations: RULE VIOLATION
NASD Public Disclosure Program September 04, 2003 Page 7
This information is current as of: 09/04/2003
________________________________________________________________________________
NASD Member Firm: KENSINGTON CAPITAL CORP.
CRD Number: 1742
REGULATORY ACTIONS(cont.)
Current Status: Final
Resolution: Consent
Resolution Date: 07/29/1988
Sanctions
Ordered: Monetary/Fine, Censure
Monetary Amount: $1,000.00
Other Sanctions: NONE
Resolution
Details: $1000 FINE PAID 10/11/88 DEPOSIT # 113
Summary: ON JULY 29, 1988 THE AWAC # NY-609-AWC (DISTRICT 12) SUBMITTED
BY KENSINGTON CAPITAL CORP. AND BENJAMIN ENGLANDER WAS
ACCEPTED. THEREFORE THEY ARE CENSURED AND FINED $1,000.00,
JOINTLY AND SEVERLLY(ARTICLE III, SECTION 1, 21, OF THE RULES
OF FAIR PRACTICE- USED THE SPECIAL ACCOUNT FOR BENEFIT OF
CUSTOMERS AS AN OPERARTING ACCT, FAILED TO EVIDENCE THAT 2
INDIVIDUALS HAD BEEN FINGERPRINTED, INACCURATELY COMPUTED NET
CAPITAL, FAILED TO TIME ORDER TICKETS UPON ENTRY, AND FAILED
TO EVIDENCE SUPERVISION IN WRITING.
******** REGULATORY ACTION (5 of 7) ********
Reporting Source: Regulator (Form U-6)
Date Reported: 05/10/1974
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Date initiated: 06/05/1972
Docket/
Case Number: NY-1651
Allegations:
Current Status: Final
Resolution: Decision
Resolution Date: 05/10/1974
Sanctions
Ordered: Monetary/Fine, Censure
Monetary Amount: $250.00
Resolution
Details:
Summary: COMPLAINT #NY-1651 FILED 6-5-72 5-10-74: FINAL
***********************************
Reporting Source: Firm (Form BD)
Date Reported:
Initiated By: NASD
Date initiated: 06/05/1972
Docket/
Case Number: NY 1651
Allegations: RULE VIOLATIONS
Current Status: Final
Resolution: Consent
Resolution Date: 05/10/1974
Sanctions
Ordered: Monetary/Fine, Censure
Monetary Amount: $250.00
Other Sanctions: NONE
NASD Public Disclosure Program September 04, 2003 Page 8
This information is current as of: 09/04/2003
________________________________________________________________________________
NASD Member Firm: KENSINGTON CAPITAL CORP.
CRD Number: 1742
REGULATORY ACTIONS(cont.)
Resolution
Details: FINE 250.00 PAID
Summary: COMPLIANT # NY1651 FILED 6/5/72 FINAL 5/10/74.
******** REGULATORY ACTION (6 of 7) ********
Reporting Source: Regulator (Form U-6)
Date Reported: 11/26/1980
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Date initiated: 11/26/1980
Docket/
Case Number: AWC-253
Allegations:
Current Status: Final
Resolution: Decision
Resolution Date: 11/26/1980
Sanctions
Ordered: Monetary/Fine, Censure
Monetary Amount: $200.00
Resolution
Details:
Summary: COMPLAINT #AWC-253 FILED 11/26/80. DIST. #12 DECISION 11/26/80:
CENSURED; FINED $200. 11/26/80: ALL RIGHTS WAIVED.
11/26/80: FINAL.
***********************************
Reporting Source: Firm (Form BD)
Date Reported:
Initiated By: NASD
Date initiated: 11/26/1980
Docket/
Case Number: AWC 253
Allegations: RULE VIOLATIONS
Current Status: Final
Resolution: Consent
Resolution Date: 11/26/1980
Sanctions
Ordered: Monetary/Fine, Censure
Monetary Amount: $200.00
Other Sanctions: NONE
Resolution
Details: FINE $200 PAID
Summary: AWC 253 FILED 11/26/1980 DSTRICT 12 DESICION CENSURTEALL RIGHTS
WAIVED.
******** REGULATORY ACTION (7 of 7) ********
Reporting Source: Regulator (Form U-6)
Date Reported: 11/19/1973
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Date initiated: 11/19/1973
NASD Public Disclosure Program September 04, 2003 Page 9
This information is current as of: 09/04/2003
________________________________________________________________________________
NASD Member Firm: KENSINGTON CAPITAL CORP.
CRD Number: 1742
REGULATORY ACTIONS(cont.)
Docket/
Case Number: AWC-57
Allegations:
Current Status: Final
Resolution: Decision
Resolution Date: 11/19/1973
Sanctions
Ordered: Monetary/Fine, Censure
Monetary Amount: $300.00
Resolution
Details:
Summary: COMPLAINT #AWC-57 FILED 11/19/73 DECISION 11/19/73: CENSURED,
FINED $300, J&S 11/19/73: FINAL FINES & COSTS AWC-57; 292.53
PAID. NY-1651; BALANCE DUE.
***********************************
Reporting Source: Firm (Form BD)
Date Reported:
Initiated By: NASD
Date initiated: 11/19/1973
Docket/
Case Number: AWC-57
Allegations: RULE VIOLATIONS
Current Status: Final
Resolution: Consent
Resolution Date: 11/19/1973
Sanctions
Ordered: Monetary/Fine, Censure
Monetary Amount: $300.00
Resolution
Details: FINED 300.00. PD
Summary: COMPLAINT AWC-57 , FILED 11/19/73 DECISION 11/19/73 CENSURE AND
FINE OF $300.00. J&S 11/19/73
NASD Public Disclosure Program September 04, 2003 Page 10
This information is current as of: 09/04/2003
________________________________________________________________________________
NASD Member Firm: KENSINGTON CAPITAL CORP.
CRD Number: 1742
********************************************************************************
FIRM ARBITRATIONS
********************************************************************************
DISCLOSURE INFORMATION
This section contains summary 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.
Unlike the arbitration information required to be reported by brokers via Form
U-4, firm arbitration information is not required to be reported on Form BD and
is therefore disclosed through the Public Disclosure Program via a slightly
different mechanism. Summary information regarding NASD arbitration awards
involving securities and commodity disputes between public customers and NASD
member firms is updated and disclosed on firm public disclosure reports
generally within 10-15 days after the arbitration award is signed and served to
all parties.
The full text of arbitration awards issued by arbitrators at the NASD and at
other forums is available online as a cooperative arrangement between NASD
Dispute Resolution and the Securities Arbitration Commentator (SAC) at
www.nasdadr.com. The awards are generally available within one month after the
arbitration award is signed and served to all parties. To access the
arbitration award information it is suggested that you first view the summary
information available via the Public Disclosure Program, and then use the case
number included in the Public Disclosure report to access the full text of the
award at www.nasdadr.com.
** OCCURRENCE COUNTS ** 1 Record(s)
********************************************************************************
** 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.
********************************************************************************
******** FIRM ARBITRATION (1 of 1) ********
Type of Event: ARBITRATION
Update: NO
Arbitration Forum: NASD
Case Served Date: 04/15/1998
Case Number: 98-01188
Allegations: MISREPRESENTATION; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT
RELATED-BREACH OF CONTRACT
Type of Securities: UNKNOWN TYPE OF SECURITIES
Relief Asked: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT $67,157.04;
INTEREST, ASKED AMOUNT $0.00; OTHER COSTS, ASKED AMOUNT
$0.00; ATTORNEY'S FEES, ASKED AMOUNT $0.00
Disposition: AWARD AGAINST PARTY
NASD Public Disclosure Program September 04, 2003 Page 11
This information is current as of: 09/04/2003
________________________________________________________________________________
NASD Member Firm: KENSINGTON CAPITAL CORP.
CRD Number: 1742
FIRM ARBITRATIONS(cont.)
Disposition Date: 07/21/1999
Relief Awarded: ACTUAL/COMPENSATORY DAMAGES, RELIEF HAS BEEN AWARDED
(PARTIAL OR FULL), AWARD AMOUNT $67,157.04 JOINTLY AND
SEVERALLY; INTEREST, RELIEF HAS BEEN AWARDED (PARTIAL
OR FULL); OTHER COSTS, RELIEF REQUEST HAS BEEN DENIED
IN FULL; ATTORNEY'S FEES, RELIEF REQUEST HAS BEEN
DENIED IN FULL
************ END OF REPORT ************ |
