FINRA Fines Southwest Securities, Schwab for Violations
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Tuesday, January 19, 2010 |
The Financial Industry Regulatory Authority Inc. fined Southwest Securities Inc. $54,500 and ordered it to pay $23,394 to customers for municipal securities trade reporting and pricing violations as well as non-muni violations. FINRA also fined San-Francisco-based Charles Schwab & Co. $25,000 for muni trade reporting violations.
