Looking back on 2004, NASD announced it had collected $102 million in fines, filed 1,360 enforcement actions and barred or suspended 830 people.

NASD officials also brought 120 disciplinary actions against securities firms regarding mutual fund sales and trading, including late trading and sales compensation practices. NASD also brought the first charges against a firm for failing to prevent market timing in variable annuity sub-accounts.

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