MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, December 28, 2005 NASD Increasing Scrutiny of Funds, 529 Plans The NASD said Tuesday that its heightened watch on sales of mutual funds, variable annuities and 529 College Savings Plans in 2005 has pushed the amount of fines it collected to a record high. In 2005, the regulator collected a total of $ 125.4 million in fines, up from $103.9 million last year. The NASD also said the number of disciplinary actions it filed this year hit 1,421, representing a 1.1 percent rise from last year. The number of firms expelled from membership totaled 14, down from 22 last year, while the number of individuals barred from the industry reached 381, down from 454 in 2004. Printed from: MFWire.com/story.asp?s=11053 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |