Defendant Name: National Securities Corp.

Defendant Type: Subsidiary of Public Company
Public Company Parent: National Holdings Corporation
SIC Code: 6211
CUSIP: 63637510

Initial Case Details

Legal Case Name In the Matter of National Securities Corp.
First Document Date 03-Nov-2014
Initial Filing Format Administrative Action
File Number 3-16242
Allegation Type Municipal Securities & Public Pensions

Violations Alleged

Other
• Section 15B(c)(1) Exchange Act; Rule G-15(f) MSRB

Resolutions

First Resolution Date 03-Nov-2014
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

34-73508 03-Nov-2014 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Sections 15(b), 15B(c)(2) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On November 3, 2014, the SEC instituted settled administrative proceedings against National Securities Corp. According to the SEC: "These proceedings involve the sale of non-investment grade or 'junk' bonds issued by the Puerto Rico by National Securities, a registered broker-dealer and municipal securities dealer, to a customer in an amount below the minimum denomination of the issue."
2014-246_3-16242 03-Nov-2014 Press Release--Administrative Proceeding
SEC Sanctions 13 Firms for Improper Sales of Puerto Rico Junk Bonds
On November 3, 2014, the SEC stated that: "[It] sanctioned 13 firms for violating a rule primarily designed to protect retail investors in the municipal securities market."