NEW YORK (Dow Jones/AP) — The National Association of Securities Dealers this year suspended or barred a record 830 individuals from Wall Street and collected $32.6 million in disciplinary fines in 2003, according to preliminary data released Tuesday by the regulator.
The NASD barred 480 individuals, up from 440 in 2002, and suspended 350, down from 374 in 2002. In 2002, the NASD collected $68.2 million in fines.
The NASD filed 1,352 new enforcement actions, which also was considered a record, up from 1,271 in 2002. More than 60 enforcement actions were taken against securities firms for various mutual-fund sales violations.