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Credit Suisse Unit Fined $1.2M Over DLJ Trades

Law360 (February 13, 2006, 12:00 AM EST) -- An arbitration panel at the National Association of Securities Dealers has ordered a subsidiary of financial services firm Credit Suisse Group to pay $1.2 million to settle charges that it subjected an elderly couple’s investments to unnecessary risk, according to the couple’s law firm.

The announcement came from Florida-based law firm Carlson & Lewittes PA, which alleged Credit Suisse unit Donaldson Lufkin & Jenrette Securities Corp. was guilty of negligence, making unsuitable investments and failing to adequately supervise its employees.

The couple's law firm said the...
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