NASD found that, from April 2001 through December 2004, the Raymond James firms failed to establish and maintain a supervisory system
, including written procedures, reasonably designed to review and monitor their fee-based brokerage business.
It considered first the firm's disciplinary history of deficient supervision of variable annuity transactions, but found more disturbing the fact that MSC deceived FINRA staff regarding the status of its supervisory system
NASD found that despite Sentinel's adoption of an "Excessive Trading Policy" in October 2000 -- specifically designed to monitor and restrict market timing -- Sentinel's inadequate supervisory system
enabled some customers of broker-dealers to continue to trade shares of Sentinel mutual funds more frequently than the policy, and fund prospectuses, allowed.
At least two of National's senior officers, Bresner and Williams, failed to ensure that the firm had an adequate supervisory system
designed to prevent and detect deceptive market timing practices.
Turner's supervisory system
and written procedures failed to take these factors into account and failed to provide adequate guidance to its registered representatives to determine a fair commission or mark-up on equity securities transactions.
CAREL is a world leading manufacturer operating in the HVAC/R market offering energy efficient solutions for controls, sensors, Electronic expansion valves, AC & latest DC Speed Drives, Evaporative Cooling, Humidification, Supervisory systems
and Energy monitoring.
The long duration of such activities was, however, made possible by the lack of a sufficient supervisory system
in the Police and Border Guard Board.
Controls can vary from panels that take their lead from a supervisory system
to totally free-standing options with choice of PLC and communication protocols.
S Federal Reserve to overcome the global financial crisis and regulation currently before the Congress on a more supervisory system
on the banking system.
To do so will send the worst message to the European Central Bank, to the International Monetary Fund, to the international financial organisations and to foreign investors, who will perceive any possible change in framework as a reductive move in our supervisory system
and as political intervention in the independence of the Central bank.
THE supervisory system
for managing bank crises needs to be overhauled and more responsibility given to the Bank of England, peers will say today.
The president of the European Commission on Wednesday called for an overhaul of the EU's financial supervisory system