Harris Nesbitt Corp., f/k/a BMO Nesbitt Burns Corp. (CRD #16686, New York, New York) received a censure and fine of $125,000. According to the findings, the firm implemented a procedure for investment banking to review research reports, but failed to establish and maintain adequate systems and safeguards to prevent investment bankers from making inappropriate comments regarding research reports. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #CAF040074)
Did Harris Nesbitt Corp., f/k/a BMO Nesbitt Burns Corp. manage your investments?
SHEPHERD, SMITH & EDWARDS, LLP
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