The Buckingham Research Group Incorporated (CRD #13233, New York, New York) received a censure and fine of $29,000, $10,000 of which was jointly and severally. According to the findings, the firm permitted a research analyst to act as a general securities representative of the firm by allowing him to generate research reports that identified him by name while failing to be registered in such capacity. Additionally, the regulators found that the firm reported proprietary short sale transactions through ACT without a short sale modifier and one long sale transaction was reported as short. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #C05040005)
Did The Buckingham Research Group Incorporated manage your investments?
SHEPHERD, SMITH & EDWARDS, LLP
Offices and Associates:
New York, Chicago, San Francisco, Dallas,
Houston, New Orleans, Phoenix,
and Mexico City.
Main Office: 1010 Lamar, Suite 900, Houston,
Tel. (713) 227-2400 - Fax. (713) 227-7215