The NASD is set to take disciplinary action against brokerage firm A.G. Edwards over allegations that the firm accepted kickbacks from mutual fund companies in 2001 and 2002 in exchange for marketing their products to certain retail customers, A.G. Edwards indicated in a regulatory filing. The NASD is seeking the disgorgement of profits, sanctions and restitution. But via an e-mail, the company disputed the allegations and said it plans to vigorously defend itself against the charges.

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