Financial Industry Regulatory Authority (FINRA) published in its report of disciplinary actions for October 2010 that Seaboard Securities, Inc., Anthony Joseph DiGiovanni Sr., Sonya Terez Still and Anthony
Joseph DiGiovanni Jr. submitted an Offer of Settlement in which the firm was fined $125,000, of which $10,000 was jointly and severally with DiGiovanni Sr. and $10,000 was jointly and severally with Still; and was ordered to retain, within 60 days of the date of the Order accepting the Offer of Settlement, an independent consultant to conduct a comprehensive review of the adequacy of the firm’s AML program and its policies, systems and procedures (written and otherwise) and training relating to determining whether securities are freely tradable; the independent consultant is required to submit to FINRA a written report addressing these issues and making recommendations.

The original article can be found at the Financial Industry Regulatory Authority.