DocDon Posted November 30, 2004 Report Posted November 30, 2004 November 30, 2004WASHINGTON -- Some 29 investment firms, including some of Wall Street's biggest names, have been fined a total of more than $9 million.Securities industry regulators say they were late in reporting disciplinary history and other data about their brokers.The investment arms of Merrill Lynch and Wachovia Corp. are barred from registering new brokers for five business days. The National Association of Securities Dealers announced the civil fines and censures against the firms, which also include the brokerage arms of Allstate, American Express, Bank of America, Prudential Financial and Wells Fargo.NASD said the firms combined made more than 8,000 late disclosures of broker information including customer complaints, disciplinary actions and criminal charges and convictions.
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