Reply #31: Scamming Report: NASD Fines State Street Unit $1.4M

[UpInArms]

11:28am 11/22/05 NASD FINES STATE STREET UNIT $1.4M OVER BOND-TRADE REPORTING

(edited to add link and blurb)

http://www.marketwatch.com/news/newsfinder/pulseone.asp?dateid=38678.4850218866-851718076&siteID=mktw&scid=0&doctype=806&property=symb&value=&categories=&

BOSTON (MarketWatch) -- The NASD, formerly known as the National Association of Securities Dealers, said Tuesday it has fined State Street Global Markets LLC, a unit of Boston-based State Street Corp. (STT) , $1.4 million for violations related to the reporting of bond trades. The firm failed to report corporate-bond trades to NASD's Trade Reporting and Compliance Engine (TRACE), and municipal-bond trades to the Municipal Securities Rulemaking Board (MSRB), from July 2003 to December 2004, the NASD said. State Street Global Markets neither admitted nor denied guilt in the matter. Shares of State Street Corp. last lost 36 cents at $57.82.