April 25, 2008
H&R Block Financial Advisors Exonerated in Enron Sales Proceeding
A FINRA hearing panel dismissed a November 2004 complaint against H&R Block Financial Advisors alleging sales practices and supervisory violations relating to sales of Enron Corporation bonds during the one-month period immediately preceding Enron's filing for bankruptcy protection on Dec. 2, 2001. The panel ruled that FINRA's Department of Enforcement failed to show by a preponderance of evidence that H&R Block registered representatives misrepresented or omitted material facts in connection with sales of Enron bonds, or that the firm failed to implement adequate supervisory systems and procedures.
TrackBack URL for this entry:
Listed below are links to weblogs that reference H&R Block Financial Advisors Exonerated in Enron Sales Proceeding:
Tracked on Sep 21, 2009 11:54:18 AM
Tracked on Dec 21, 2009 11:40:48 PM
Tracked on Dec 27, 2009 2:35:47 PM