
NASD fined three firms-and expelled a fourth-for violations relating to trading in corporate high yield bonds. All four firms were cited for charging excessive markups or markdowns in bond trades, as well as for supervision violations. For more info visit https://www.globalcustodian.com/nasd-fines-three-firms-6-75-million-expels-a-fourth-firm-for-corporate-high-yield-bond-trade-violations-each-ordered-to-pay-customers-restitution-exceeding-1-1-million/