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Violation Tracker Individual Record

Company: First Allied Securities, Inc.
Penalty: $1,950,000
Year: 2010
Date: March 5, 2010
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: securities issuance or trading violation
Violation Description: A San Diego-based broker-dealer agreed to pay $1.95 million to settle allegations of failing to reasonably supervise one of its registered representatives who engaged in unauthorized fraudulent trading in the accounts of two Florida municipalities.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.