NASD Charges Brokerage Firm With Late Trading

By Catherine Fredenburgh (April 6, 2006, 12:00 AM EDT) -- Securities regulator the National Association of Securities Dealers has filed a complaint against online discount brokerage firm A.B. Watley Direct Inc. and two of its former brokers, charging them with allowing late trading and improper market timing of mutual funds on behalf of hedge fund clients....

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