Replies to post #50711 on SNM Global Holdings (SNMN)

[jsmoov]

Other

Sanctions

Suspension


Sanction Details

NASD REGISTRATION SUSPENDED MARCH 23, 2005 FOR FAILING TO COMPLY WITH AN ARBITRATION AWARD OR SETTLEMENT AGREEMENT OR PAY FEES IN ARBITRATION CASE #02-03055 OR TO SATISFACTORILY RESPOND TO AN NASD REQUEST TO PROVIDE INFORMATION CONCERNING THE STATUS OF COMPLIANCE.

[jsmoov]

Allegations

CLAIMANT ALLEGED THAT HIS INVESTMENT OBJECTIVE WAS MARKED GROWTH AND CERTAIN I NVESTMENTS WERE UNSUITABLE. ALSO, CLIAMED THAT RR FAILED TO DISCLOSE MATERIAL FACTS WITH RESPECT TO CERTAIN INVESTMENTS. FURTHER CLAIMS INCLUDE EXCESSIVE TRADING,SALES BY UNLICENSED REPRESENTATIVE,SELLING AT A PRICE LOWER THATN THE REPORTED LOW PRICE FOR DAY AND UNAUTHORIZED TRADING.

Damage Amount Requested

$22,653.00

Damages Granted

$10,462.10