NASD Press Release. NASD Orders First-Ever Suspension of Mutual Fund Business and $600,000 in Sanctions Against National Securities Corp. Aug 19, 2004

NASD press release concerning fine and prohibition against National Securities Corp. NASD charged that National was using deceptive market timing and ordered National "to correct supervisory and email retention deficiencies" along with issuing numerous fines (corporate fine of $300,000; president and COO each fined $25,000; president supervisory suspension for 1 month; COO supervisory suspension for 4 months).