Major Firm Violates Order Display Rule
Traders Magazine, June 2000
J P. Morgan & Co. is the latest among dozens of Nasdaq trading firms punished by NASD Regulation for what it says was a violation of the limit order display rule.
The firm's securities unit was fined $200,000 for not complying with the rule over a 21-month period. NASD Regulation said the firm failed to establish, maintain, and enforce written supervisory procedures.
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