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Recently, the National Association of Securities Dealers made a request to the SEC for small broker/dealers to be deemed exempt from this rule. A Simi Valley broker was barred from the securities industry and fined $35,000 for misappropriating company funds for personal use, the National Association of Securities Dealers Regulation Inc. NEW YORK -- Lek Securities, a leading institutional direct access broker-dealer, will challenge National Association of Securities Dealers (NASD) charges that the broker-dealer did not submit trade information required for compliance with the Order Audit Trail System (OATS) in a trial scheduled to begin today, October 25, 2006. |
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