CIBC World Markets Corporation (CRD #630, New York, New York) received a censure and fine of $10,000. According to the findings, the firm, while acting as a market maker in securities, did not make reasonable efforts to avoid a locked or crossed market by executing transactions with all market makers whose quotations would be locked or crossed. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #CMS010158)
Did CIBC World Markets Corporation manage your investments?
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