Sign up today and take advantage of member-only content — the kind of timely, cutting edge industry insight that only Money Management Executive can deliver.
  • Exclusive Online Only Content
  • Free Daily Email News Alerts
  • Asset Management Blogs

News Flash - NASD Probes Late Trades At Prudential Securities

The National Association of Securities Dealers at press time was reportedly investigating Prudential Securities for potential late trading out of the company's Boston office.

The NASD is also interested in determining if the orders for these late trades, if conducted, were approved by standard oversight procedures.

On Tuesday, the Securities and Exchange Commission charged six former Prudential workers, including a branch manager, with late trading and misrepresentation of themselves and clients.

Copyright 2003 Thomson Media Inc. All Rights Reserved.