BNET Industries

NASD

is in the Business Services Industry

Last Fiscal Year Sales:$868.0M

Private
US

Dow Jones Description

Self-Regulating Organization of the Securities Industry

President, Regulatory Services & Operations

Douglas Shulman

Number of Employees 1,200

Contact Information

1735 K St Northwest

Washington, District of Columbia 20006-1516

www.nasd.com

(202) 728-8000

Peer Companies

NAICS Code Business Associations: 813910

Recent Events

Finra's $1.6B fund missing out on market rebound

9/25/09 - Lawsuit Filed - View Story
Three Firms Will Buy Back $128M of ARS and Pay $600,000 in Fines

9/04/09 - Legal Settlement - View Story
For Ross Mandell and Sky Capital, a Long Trip Indeed

7/10/09 - Lawsuit Filed - View Story

News & Analysis

brokerage and nasd - All News and Analysis

Morgan Stanley settles NASD charges for $6.1 million

- 2005-08-03

Morgan Stanley will pay a combined $6.1 million in fines and restitution to settle charges by the National Association of Securities Dealers that the firm failed to adequately monitor investors in its fee-based brokerage account. The concern is that the brokerage firm kept investors in fee-based accounts, which charge...

Tags: brokerage, FINANCE, investor, Morgan Stanley, NASD
The Rocky Regulatory Road

- 2005-05-01

The regulators' push to clean up abuses in the brokerage industry is having an unexpected result - it is hurting the smaller brokerages, many of which are now struggling to survive. "For many smaller brokers, the challenge is to keep up with the avalanche of rules and regulations issued in...

Tags: brokerage, compliance, FINANCE, Government, Guzman & Co., Investment, NASD, Regulations, stock
The Rocky Regulatory Road: Survival of the Small Broker Dealer.

- 2005-05-01

The regulators' push to clean up abuses in the brokerage industry is having an unexpected result - it is hurting the smaller brokerages, many of which are now struggling to survive. "For many smaller brokers, the challenge is to keep up with the avalanche of rules ...

Tags: brokerage, compliance, FINANCE, Government, Guzman & Co., Investment, NASD, Regulations, stock
Capital Group Readies to Build Irvine Campus

- 2005-03-07

Los Angeles-based mutual fund manager Capital Group Cos. is set to start building a 520,000-square-foot Irvine campus that's been years in the making. Capital Group, which operates the American Funds Group of about 30 mutual funds, plans to start work on a five-building complex in the Irvine Spectrum in September,...

Tags: Benefits, brokerage, FINANCE, Investment, NASD
The Price of Non-Compliance

- 2005-01-01

In October, brokerage-firm officials began expressing hope that the worst part of the regulatory crackdown might be over. After all, the mutual fund industry had already been fined hundreds of millions of dollars. Executives such as the mutual fund pioneer Richard Strong and the investment banker Frank Quattrone had had...

Tags: Benefits, brokerage, CAREER, FINANCE, Investment, Morgan Stanley, NASD, NYSE Euronext

Brokerages' gifts to fund managers scrutinized

- 2004-11-24

In yet another embarrassing disclosure for the financial services industry, regulators have opened up a "broad-based inquiry" into allegations that brokerage firms showered expensive gifts on mutual fund managers to snatch the bulk of stock trades made by those funds. The Securities and Exchange Commission and the NASD are...

Tags: Benefits, brokerage, FINANCE, Investment, NASD, SEC
Regulators claim New York-based brokerage made misleading statements.

- 2004-10-06

By Susan Harrigan, Newsday, Melville, N.Y. Knight Ridder/Tribune Business News Oct. 6--Federal regulators have charged David Lerner Associates Inc. with making misleading or exaggerated statements in its communications with the public, including its well-known radio ads broadcast throughout the New York...

Tags: advertisement, brokerage, NASD, radio, regulator
Broker-dealer on Long Island, N.Y., ordered to stop selling own shares.

- 2004-09-01

By Susan Harrigan, Newsday, Melville, N.Y. Knight Ridder/Tribune Business News Sep. 1--Calling the brokerage's conduct "an extreme threat to the investing public," a national regulator yesterday ordered L.H. Ross & Co., a broker-dealer with seven branches on Long Island, to stop raising...

Tags: brokerage, FINANCE, NASD, Newsday, SALES
Rogue Securities Brokers Resurface Overseas.

- 2004-06-15

By Christopher Carey, St. Louis Post-Dispatch Knight Ridder/Tribune Business News Jun. 15--The securities industry thought it had seen the last of Frank L. Palumbo. His Florida-based stock brokerage, J.W. Gant & Associates, shut down under regulatory pressure in 1992....

Tags: brokerage, FINANCE, Investment, investor, NASD, SEC, security, stock, U.S.
The Baltimore Sun Eileen Ambrose Column.

- 2004-05-25

By Eileen Ambrose, The Baltimore Sun Knight Ridder/Tribune Business News May 25--For many people, their home has been their best investment. But some may be jeopardizing that investment by trying high-risk mortgage strategies being touted by brokerages, say industry regulators ...

Tags: brokerage, FINANCE, Investment, mortgage, Mortgages, NASD, security, stock, Sun Microsystems Inc.

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Decision Makers

Name (plus bio)	Position
Douglas Shulman	President, Regulatory Services & Operations
Martin P. Colburn	CTO & Executive Vice President
Todd T. DiGanci	CFO & Executive Vice President
Daniel J. Stefek	Director
Elisabeth Owens	Regl Director
Gary K. Liebowitz	Director
Hans Reich	Regional Director
James G. Dawson	Director
John P. Nocella	Director
Joseph G. McCarthy	Director
Lani M. Woltmann	Director
Laura Oatney	Director, Public Affairs
Thomas D. Clough	Director
Virginia F. Jans	Director
Warren A. Butler	Regional Director
William L. Wink	Associate Director
Alan M Kittner	Uniform Securities Agent
Andrew L Dworkin	Uniform Securities Agent
David B Hughes	Uniform Securities Agent
David McLean	licensed Principal
Eric Hender	registered principal
Johnston L. Evans	Uniform Securities Agent
Jonathan Joffe	Principal
Mary Frances Kelley	General Securities Representative
Teresa Pensato	Uniform Securities State Agent
Julie VanderWeele	Member
William Kerins	Member

Board of Directors

Name (plus bio)	Position
Randall L Rubin	Board member

Organization	Position	Status
FINRA	President, Regulatory Services & Operations	Current
The Depository Trust Company	Board of Directors	Current
NASDAQ OMX Group, Inc.	Vice President	Former

Organization	Position	Status
FINRA	CTO & Executive Vice President	Current

Organization	Position	Status
FINRA	CFO & Executive Vice President	Current

Organization	Position	Status
FINRA	Director	Current

Organization	Position	Status
FINRA	Regl Director	Current

Organization	Position	Status
FINRA	Director	Current

Organization	Position	Status
FINRA	Regional Director	Current

Organization	Position	Status
FINRA	Director	Current

Organization	Position	Status
FINRA	Director	Current

Organization	Position	Status
FINRA	Director	Current

Organization	Position	Status
FINRA	Director	Current

Organization	Position	Status
FINRA	Director, Public Affairs	Current
FINRA	Director, Public Affairs	Former

Organization	Position	Status
FINRA	Director	Current

Organization	Position	Status
FINRA	Director	Current

Organization	Position	Status
FINRA	Regional Director	Current

Organization	Position	Status
FINRA	Associate Director	Current

Organization	Position	Status
FINRA	Uniform Securities Agent	Current
Xenon Pharmaceuticals Inc	Board of Directors	Current
Invesco Private Capital	General Partner	Former
One Body	Chief Executive Officer	Former
Point Biomedical Corporation	Investor	Former
Liposcience, Inc.	Investor	Former
Yale School of Management	M.B.A.	Former
University of California, Berkeley	B.A.	Former

Organization	Position	Status
FINRA	Uniform Securities Agent	Current
New York State Bar Association	Member	Current
Invesco Private Capital	Administrative Partner	Former
Debevoise & Plimpton Llp	Corporate Associate	Former
Chancellor Capital Management	General Counsel	Former
Debevoise & Plimpton Llp	Corporate Associate	Former
New York University	J.D.	Former
New York University School of Law	J.D.	Former
New York University	M.A. in Clinical Psychology	Former
University of Pennsylvania	B.A. in Clinical Psychology and International Relations	Former

Organization	Position	Status
Invesco Private Capital	Portfolio Manager	Current
FINRA	Uniform Securities Agent	Current
Bankers Trust Company Inc.	Global Investment Management division	Former
Chancellor Capital Management	head, Global Fixed Income team	Former
Fiduciary Trust Company	global fixed income and global credit investments	Former
Invesco, LLC		Former
London Stock Exchange plc		Former
New York University	M.B.A.	Former
Dickinson College	B.B.A. in Policy & Management Studies	Former

Organization	Position	Status
Prudential Investments LLC	Senior Vice President	Current
Stonegate Partners, LLC	Vice President	Current
Fulton Partners, Inc.	Partner	Current
NYSE Group, Inc.	licensed Principal	Current
FINRA	licensed Principal	Current
Sensorlogic, Inc.	Board of Directors	Current
State Street Research & Management Company	Director	Current
Tonic Software, Inc.	Director	Current
Cicada Semiconductor Corp.	CEO	Former
Stonegate Partners, LLC	President	Former
Prudential Investments LLC	President	Former
State Street Research & Management Company	President	Former
Stonegate Partners, LLC	Managing Director	Former
Stonegate Partners, LLC	Advisory Director	Former
International Business Machines Corporation	Spearheaded the Introduction of DSP Product Line into Asia	Former
Sevin Rosen Funds		Former
Vitesse Semiconductor Corporation		Former
Boston College	Graduate	Former

Organization	Position	Status
Marshall Venture Capital, L.C.	President	Current
Aavin	Senior Partner	Current
FINRA	registered principal	Current
Marshall Venture Capital, L.C.	Managing Member	Current
Brightplanet Corp	board member	Current
Destinations Unlimited	board member	Current
Intermed	board member	Current
Compendium Corporation	board member	Current
Handy Industries, LLC	board member	Current
SCI Financial Group Inc.	President of SCI Capital Company	Former
Marshall Venture Capital, L.C.	co-founder	Former
Aavin	Co-Founder	Former
Aavin	Senior Director	Former
SCI Financial Group Inc.	officer	Former
FINRA	member	Former
SCI Financial Group Inc.	Director	Former
Colorado College	degree in Business and Banking	Former

Organization	Position	Status
FINRA	Uniform Securities Agent	Current
E2OPEN, Inc.		Current
GENBAND	Board of Directors	Current
Invesco Private Capital	General Partner	Former
Invesco, LLC		Former
Starvox Corporation	Investor	Former
Accessline Co	Investor	Former
2Wire, Inc.	Investor	Former
Wayport, Inc.	Investor	Former
Digital Insight Corporation	Investor	Former
Wherenet Corp	Investor	Former
Callidus, LLC	Investor	Former
Boston University	B.A. in Political Science	Former

Jonathan Joffe is a Director of MAST in Cambridge. He joined Monitor in 1995 while completing a Doctor of Juridical Science (SJD) degree at Harvard Law School and was one of the first employees of MAST in London in 1997. Jonathan's practice with MAST has focused on the structuring and execution of transactions involving complex multi-stakeholder negotiations. This has included leading strategic equity partnership projects in the retail, publishing, recycling, consumer electronics and business process outsourcing industries. It has also included leading a number of major multinational deals, such as the 1999 acquisition by Blue Circle Industries Plc of the largest cement manufacturer in Greece. Dr Joffe previously practiced law in South Africa. He specialized in negotiations and the development of framework agreements which regulate situations of ongoing complexity between the parties. He was integrally involved in a number of major negotiations, including the restructuring of South African Airways as a state owned corporation, and the establishment of a new industrial relations framework for public sector employees. Jonathan also holds a BA (Economics) and LLB from University of Witwatersrand in Johannesburg. Dr Joffe is registered with the Financial Services Authority as a corporate finance advisor for MAST Global Limited.

Organization	Position	Status
Mast Global Limited	Director of Mast In Cambridge	Current
FINRA	Principal	Current
Monitor Group	Strategy Consultant	Former
University of the Witwatersrand	Ba (Economics) and Llb	Former
University of the Witwatersrand	Degrees in Economics and Law	Former
Harvard Law School	Degree	Former

Organization	Position	Status
Invesco Private Capital	General Partner	Current
FINRA	General Securities Representative	Current
Healthcare Ventures, LLC	Advisory Board Member	Current
Apex Incorporated	Advisory Board Member	Current
Deloitte Touche Tohmatsu	Audit and General Service department	Former
National Federation of Independent Business	Board Member	Former
The University of New Mexico	B.A. in Secondary Education	Former

Organization	Position	Status
FINRA	Uniform Securities State Agent	Current
Invesco Private Capital	Manager, Finance	Former
Invesco, LLC	Manager, Finance	Former
Invesco Private Capital	Fund Accountant	Former
Neuberger Berman, Inc.	member of the accounting department	Former
University of Scranton	B.S. in Accounting	Former

Organization	Position	Status
Center for Conflict Resolution		Current
FINRA	Board member	Current
FINRA	Arbitrator and Mediator	Former
University of Florida	B.S. of Business Administration	Former

Organization	Position	Status
Mesirow Financial	Senior Vice President, Marketing	Current
Mesirow Financial	Senior Managing Director	Current
FINRA	Member	Current
Mesirow Financial	Director	Current
Kellogg School of Management at Northwestern University	M.M	Former
Northern Illinois University	B.S	Former

Organization	Position	Status
FINRA	Member	Current
Lombard Investments	Managing Director	Former
The Goldman Sachs Group, Inc.	Investment Banker	Former
Harvard Business School	M.B.A	Former
Harvard College	A.B	Former