August 17, 2015,
William Blair & Company, entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that from January 2010 through September 25, 2013, the firm violated several provisions of FINRA’s research analyst conflict of interest rule, NASD Rule 2711.
Rule 2711 fosters transparency in research reports by requiring broker dealers to clearly and prominently provide investors with important information regarding conflicts of interest.
William Blair & Company was censured and fined $350,000.
William Blair & Company has been a FINRA member since 1944, is headquartered in Chicago, and has nearly 900 registered persons in 15 branch offices. According to FINRA, it publishes about 6,000 research reports annually, covering over 600 companies.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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