Sanders Morris Harris Receives Wells Letter From Finra -Filing

Date : 11/09/2010 @ 4:37PM
Source : Dow Jones News
Stock : Sanders Morris Harris Grp., Inc. (MM) (SMHG)
Quote : 7.9  0.0 (0.00%) @ 2:05AM

Sanders Morris Harris Receives Wells Letter From Finra -Filing

Sanders Morris Harris Grp., Inc. (MM) (NASDAQ:SMHG)
Historical Stock Chart

5 Years : From Oct 2012 to Oct 2017

Click Here for more Sanders Morris Harris Grp., Inc. (MM) Charts.

Sanders Morris Harris Group (SMHG), a Houston-based investment firm with $11.8 billion under management, and two of its former employees face possible disciplinary action by the Financial Industry Regulatory Authority.

The firm disclosed in a regulatory filing Tuesday that it had received a Wells letter from Finra. The firm and the former employees, who were not named, face possible fines related to alleged violations of securities laws and Finra rules.

The case dates back to 2008, when a Finra examination of Sanders Morris Harris's broker-dealer activities uncovered deficiencies related to bookkeeping and conduct.

The firm said in the filing Tuesday that it is talking to Finra about resolving the case. The company's general counsel said all of the deficiencies occurred in 2006 and 2007 and have all been corrected.


-By Liz Moyer, Dow Jones Newswires; 212-416-2512;


Latest SMHG Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.