Credit Suisse First Boston Corporation (CRD #816, New York, New York) received a censure and fine of $40,000. According to the regulators, when the firm executed short-sale transactions, they failed to make an affirmative determination for each of the transactions. In addition, the firm failed to report short-sale transactions to ACT with a short-sale indicator. Lastly, the firm failed to establish, enforce and maintain proper written supervisory procedures adequately designed to achieve compliance with the short-sale rules. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #CMS990030)
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