Kaufman Bros., L.P. (CRD #37909, New York, New York) received a censure and fine of $12,000. The regulators claimed the firm failed to file with the NASD in a timely manner completed Free-Riding Questionnaires that dealt with securities offerings. The firm also failed to have current information on file when it sold shares of IPOs in accordance with the NASD Board of Governors Free-Riding and Withholding Interpretation. Additionally, the firm failed to disclose the reported trade price on written notifications of securities transactions. The firm also failed to mark short sale trades with the correct symbol. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #C06990019)
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