Investors Brokerage of Texas, Ltd. (CRD #13037, Waco, Texas) received a censure and fine of $10,000. According to the findings, the firm failed to develop and implement a written AML program reasonably designed to achieve and monitor compliance with the requirements of the Bank Secrecy Act and the regulations promulgated thereunder. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #C06040042)
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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