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Violation Tracker Individual Record

Company: Commerce Brokerage Services, Inc.
Penalty: $525,000
Year: 2008
Date: November 18, 2008
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: financial institution supervision failures
Violation Description: Commerce Brokerage agreed to pay $500,000 to the Investor Education and Protection Fund and $25,000 in costs in settlement of allegations it failed to reasonably supervise its agents engaged in marketing and sales of Auction Rate Securities.
Level of Government: state
Action Type: agency action
Agency: Missouri Secretary of State-Securities
Civil or Criminal Case: civil
Facility State: Missouri
Source of Data: (click here)
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.