NASD fines Green Street for unregistered analysts

October 19, 2005
Reuters

WASHINGTON - Green Street Advisors, a Los Angeles-based broker-dealer, has been fined $150,000 for failing to register its eight research analysts under new requirements, and allowing them to continue publishing research reports, market regulator NASD said on Wednesday.

The new NASD registration rules took effect last year and established a special examination series and registration classification for analysts. They were created following a series of enforcement actions related to research analysts' conflicts of interest. A spokesman for Green Street could not immediately be reached for comment. The firm neither admitted nor denied the charges.

"It is particularly disturbing that this firm was aware of the problem, failed to observe the new rules' deadlines, and yet continued to issue reports without properly registering their analysts," said Barry Goldsmith, NASD head of enforcement, in a statement...

More details in the original article.

-- MDT