The NASD has fined Hantz Financial Services $675,000 and its CEO another $25,000 for fraud and misrepresentations relating to undisclosed revenue-sharing arrangements, along with other violations.

John Hantz, the Southfield, Mich.-based firm's president, CEO, founder and primary owner, was also censured and suspended for 30 days for failing to supervise the firm's revenue-sharing activities.

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