Defendant Name:
National Securities Corp.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
National Holdings Corporation
SIC Code:
6211
CUSIP:
63637510
Document Reference:
34-73508
Document Details
Legal Case Name
In the Matter of National Securities Corp.
Document Name
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
Document Date
03-Nov-2014
Document Format
Administrative Proceeding
Allegation Type
Municipal Securities & Public Pensions
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Other Compliance Related Undertaking
Various undertakings
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$60,000.00
Shared:
