Colorado Springs Financial Briefs: June 30, 2006
Colorado Springs Business Journal › June 29, 2006
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Summary
Because it was notably absent from news coverage, many people might not have heard that the Securities and Exchange Commission took its first enforcement action last month under the USA Patriot Act.
More than four years after passage of the Patriot Act and its anti-money laundering provisions, and after dozens of audits, the SEC made its first ruling - against the Los Angeles-based broker dealer Crowell, Weedon and Co.See the full content of this document
Extract
Colorado Springs Financial Briefs: June 30, 2006
Crowell, Weedon allegedly failed to document customer identity verification procedures between October 2003 and at least April 2004, when it opened about 2,900 accounts for customers.
The Patriot Act provisions call for...See the full content of this document
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