Cowen & Company n.k.a. Financial Square Partners (CRD #1541, New York, New York) received a censure and fine of $12,500. According to the complaint, the firm failed to properly report transactions involving high yield corporate debt securities in accordance with the reporting requirements for Fixed Income Pricing SystemSM (FIPSŪ) broker/dealers. Additionally, the firm failed to establish, enforce and maintain proper supervisory procedures directing the reporting of FIPS trades, timely settlement of syndicate expenses and the completion of Free-Riding and Withholding Questionnaires. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #C05990050)
Did Cowen & Company n.k.a. Financial Square Partners 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