The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:NASD Takes Action Against Piper Jaffray Broker Not Rated 5.0 Email Routing List Email & Route  Print Print
Friday, December 05, 2003

NASD Takes Action Against Piper Jaffray Broker

by: Nicole Halsey

NASD has filed an enforcement action against Thomas J. O'Neill, a former U.S. Bancorp Piper Jaffray broker in the company's Butte, Montana office charging him with various sales practice violations.

In the complaint, NASD charges that over a four year period, O'Neill recommended volatile, high risk stocks to customers resulting in high concentrations of their assets in these stocks. NASD rules require that a broker must prove the reasons his recommendations are suitable for customers.

O'Neill was terminated from the company two years ago and has refused to cooperate with the NASD investigation. As a result, he has also been charged with failing to appear for investigative testimony before NASD. His testimony was supposed to cover a number of issues relating to his communications, recommendations and interactions with specific Piper Jaffray customers. NASD's investigation of supervision issues is continuing.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use