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Violation Tracker Individual Record

Company: SunTrust Capital Markets, Inc.
Current Parent Company: Truist Financial
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Penalty: $100,000
Year: 2005
Date: May 9, 2005
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: NASD censured and fined SunTrust Capital Markets, Inc.-the Atlanta, GA-based bank-affiliated broker-dealer and investment bank-$100,000 for failing to register its 48 research analysts under new NASD rules that took effect in 2004.
Level of Government: federal
Action Type: agency action
Agency: Financial Industry Regulatory Authority
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: North Carolina
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: SunTrust Capital Markets Fined $100,000 for Failing to Register Research Analysts under New Rules, PR Newswire, May 9, 2005 (via Nexis).
Notes: FINRA is a securities industry self-regulatory body authorized by the federal government. This case was handled by its predecessor, the National Association of Securities Dealers (NASD).
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.