Tri-Star Financial (CRD #32458, Houston, Texas) was censured and fined $12,500. According to the complaint, the firm failed to ensure that certain individuals actively engaged in the firmís investment banking or securities business were properly registered as general securities representatives with the NASD. The firm also permitted a registered person to continue to perform duties as a registered person when such person was deemed inactive for failing to complete the Regulatory Element of the Continuing Education requirement. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #C06990014)
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