Law360, New York (July 27, 2009, 9:57 PM ET) -- The Financial Industry Regulatory Authority has recommended disciplinary action regarding investment bank Thomas Weisel Partners Group Inc.'s auction rate securities transactions, the bank revealed Monday.
The recommendation against the San Francisco-based bank's Thomas Weisel Partners LLC subsidiary concerns potential violations of rules imposed by FINRA and the Municipal Securities Rulemaking Board, as well as "certain anti-fraud and other provisions of the federal securities laws," the company revealed in an Form 8-K regulatory filing with the U.S. Securities and Exchange Commission.
According to the filing, FINRA’s staff...
Thomas Weisel Announces FINRA ARS Probe
To view the full article, take a free trial now.
