总部位于达拉斯的西南证券以500,000美元的bob200体育费用定居于$ 500,000的FINRA，其付费顾问不正确

Southwest Securities Inc.总部位于达拉斯的金融公司已同意由金融业监管机构施加的500,000美元罚款。SRO声称，经纪交易商向顾问支付了征求市政证券业务 - 违反市政证券规则制定委员会规则G-38，并且不符合董事会的其他其他要求。bob200体育FINRA表示，得克萨斯州经纪交易商所谓的不当行为威胁了市政证券市场的诚信。bob200体育

Under Rule G-38, municipal securities dealers are not allowed to pay persons not affiliated with the company for the purposes of soliciting business for it. Southwest Securities, however, allegedly worked with these consultants to obtain 24 municipal securities underwritings and roles as financial adviser to Texas municipalities. The consultants were paid over $200,000 and promised a percent of earnings from any municipal securities business solicited. The broker-dealer also allegedly issued $26,000 in one-time payments to three individuals for their involvement in obtaining this type of business for the firm.

Other violations, allegedly included:

• Failing to properly submit MSRB forms.
• Inaccurate reporting to over 300 municipal securities transactions.
• Inadequate supervisory systems and procedure, which should have been revised to meet an MSRB Rule G-38 amendment that doesn’t allow unaffiliated individuals to receive payment soliciting municipal securities business.
• Engaging in prohibited municipal securities business-a violation of MSRB Rule G-37
By settling, the Southwest Securities is not denying or admitting the德克萨斯州证bob200体育券charges.

Related Web Resources:
Dallas broker pays $500,000 to settle bond query, Dallas News, March 7, 2011
FFINRA Fines Southwest Securities $500,000 for Paying Former Texas Municipal Issuer Officials and Others to Solicit Municipal Securities Business on its Behalf, FINRA, March 7, 2011
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