Nex Systems
Type not stated

AMERICAN FUNDS DISTRIBUTORS INC.

Regulator action

United States. Named in 1 sanctions listing.

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Sanctions and listings1

  • Official designation

    Financial Industry Regulatory AuthorityUS FINRA Enforcement ActionsUnited States

    06/24/2011: SECURITIES AND EXCHANGE COMMISSION Washington, D.C. SECURITIES EXCHANGE ACT OF 1934 Rel. No. 64747 / June 24, 2011 Admin. Proc. File No. 3-13055 In the Matter of the Application of AMERICAN FUNDS DISTRIBUTORS, INC. c/o Seth M. Schwartz, Esq. Skadden, Arps, Slate, Meagher & Flom LLP Four Times Square New York, NY 60443 For Review of Disciplinary Action Taken by NASD OPINION OF THE COMMISSION REGISTERED SECURITIES ASSOCIATION - REVIEW OF DISCIPLINARY PROCEEDINGS Violation of Conduct Rules Alleged

    08/30/2006: NASD OFFICE OF HEARING OFFICERS DEPARTMENT OF ENFORCEMENT, Complainant, v. AMERICAN FUNDS DISTRIBUTORS, INC. (CRD No. 6247), Respondent. Disciplinary Proceeding No. CE3050003 Hearing Officer - DMF HEARING PANEL DECISION August 30, 2006 Summary Respondent is censured and fined $5,000,000 for requesting or arranging for the direction to NASD member firms of specific amounts of brokerage commissions conditioned upon those members' sales of American Funds shares, in violation of Rules 2830(k)(3) and 2110.

    Reference CE3050003data-portal.finra.orgdata-portal.finra.orgfinra.org

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