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Dean Witter Reynolds, Inc.

Dean Witter Reynolds, Inc. (CRD #7556, New York, New York) received a censure and fine of $10,000. According to the regulators, the firm, while acting as a market maker in securities, did not make reasonable efforts to avoid a locked market by executing transactions with all market makers whose quotations would be locked, entered bid or asked quotations in The Nasdaq Stock MarketŪ that caused a locked market condition to occur in each instance. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #CMS010102)

Did Dean Witter Reynolds, Inc. manage your investments?



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