This is interesting. Just out today:
ORDER SETTING ASIDE IN PART AND SUSTAINING IN PART DISCIPLINARY ACTION TAKEN BY REGISTERED SECURITIES ASSOCIATION
On the basis of the Commission's opinion issued this day, it is
ORDERED that the bar from association with any NASD member in any capacity imposed by NASD against Amr Elgindy be, and it hereby is, dismissed; and it is further
ORDERED that the expulsion from membership imposed by NASD on Key West Securities, Inc. be, and it hereby is, dismissed; and it is further
ORDERED that the $50,000 fine imposed jointly and severally on Amr Elgindy and Key West Securities, Inc. be, and it hereby is, dismissed; and it is further
ORDERED that the $1,000 fine imposed jointly and severally on Amr Elgindy and Key West Securities, Inc., be, and it hereby is, sustained.
By the Commission.
Jonathan G. Katz
