Illegal Activity
concerning
Blackmail
none
Date
2018-08-17
Document Type
alert
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:42
Summary
This document is an alert from Deutsche Bank Private Bank regarding potential risks associated with NES. LLC and National Enterprise Systems Inc. It highlights regulatory actions, disciplinary actions, and lawsuits against these entities for various violations, including illegal debt collection practices and securities regulations.
Metadata
- Subject
- Alert
- Sender
- rdc
- Recipients
- —
- Document ID
- DB12000P
- Date
- 2018-08-17
Illegal Activity
- Severity
- concerning
- Description
- The document details allegations and legal actions against National Enterprise Systems Inc. for engaging in illegal debt collection practices, including harassment, false threats, and violation of consumer protection laws.
- Categories
- FraudBusiness CrimesMisconduct
- Content Type
- first_hand
Evidence:
- Illegal strong-arm debt-collection tactics
- False threats of arrest
- Violation of Consumer Sales Practices Act
- False filings
- False statements
- Perjury
- Obstruction of Justice
- Unlawful conduct, including adding unlawful collection fees to tuition owed by students
Relationships 6
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Nasdaq Execution Services, LLC | Regulatory Action | FINRA | Nasdaq Execution Services, LLC was fined by FINRA for failing to indicate correct capacity in contravention of NASDAQ Rule 4611(aX6). |
| Nasdaq Execution Services, LLC | Regulatory Action | SEC | The SEC issued an order against NASDAQ Execution Services, LLC for net capital deficiency due to error account activity related to the Facebook IPO. |
| Nasdaq Execution Services, LLC | Regulatory Action | New York Stock Exchange | Nasdaq Execution Services, LLC violated NYSE rules related to odd-lot orders and supervision. |
| BRUT | Regulatory Action | NASD | NASD fined BRUT for rule violations relating to publication of erroneous order execution quality reports, backing away from the firm's posted quotes, failure to maintain two-sided quotations, failure to comply with the rules applicable to trade-throughs and locked and/or crossed markets, non-retention of emails, OATS deficiencies and inadequate supervision. |
| Attorney General McGraw's Consumer Protection Division | Legal Action | National Enterprise Systems Inc. | Attorney General McGraw's Consumer Protection Division sued NES for using illegal strong-arm debt-collection tactics. |
| Ohio Attorney General Richard Cordray | Legal Action | National Enterprise Systems Inc. | Ohio Attorney General Richard Cordray sued National Enterprise Systems Inc. for violating Ohio's Consumer Sales Practices Act (CSPA). |
Notable Quotes 2
Attorney General McGraw's Consumer Protection Division sued NES, accusing the company of using illegal strong-arm debt-collection tactics including telephone harassment and false threats of arrest.
Ohio Attorney General Richard Cordray sued National Enterprise Systems Inc. of Solon, accusing the company of harassing Ohioans in its attempts to collect debts.
Red Flags 2
- Multiple regulatory actions against Nasdaq Execution Services, LLC and BRUT. LLC
- Lawsuits against National Enterprise Systems Inc. for illegal debt-collection tactics and consumer rights violations
Financial Information
Amounts:55.000$26.5 million$35.3 million$8.8 million55,000$45,000$190,000$2.2 Million
Media & Journalist References
- Targeted News Service
- States News Service
- Charleston Gazette
- The Plain Dealer
- US Fed News
Public Knowledge
- Context
- The information is sourced from public records such as FINRA disciplinary actions, SEC administrative proceedings, and news articles.
- Media Worthy
- Yes
- Likely Public
- True
Legal Compliance
- Violation of NASDAQ Rule 4611(aX6)
- Violation of Exchange Act Section 15(c)(3) and Rule 15c3-1
- Violation of NYSE Rule 411(b)(1)
- Violation of NYSE Rule 476(aX6)
- Violation of NYSE Rule 405(a)
- Violation of NYSE Rule 342
- Violation of Ohio's Consumer Sales Practices Act (CSPA)
- Illegal strong-arm debt-collection tactics
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowLegal matters/litigationBusiness dealingsAllegations/complaintsIllegal activities
Organizations 10
Deutsche Bank Private BankNES. LLCNasdaq Execution Services, LLCBRUT. LLCFinancial Industry Reg. Auth. (FINRA)SECNew York Stock ExchangeAttorney General McGraw's Consumer Protection DivisionNational Enterprise Systems Inc.Ohio Attorney General
Locations 6
UNITED STATESNew York, New YorkWest VirginiaCleveland, OhioSolon, OhioCharleston, W.Va.
Financial Entities 1
Deutsche Bank
Text Analysis
- Tone
- Informative
- Purpose
- To provide an alert regarding potential risks associated with NES. LLC and National Enterprise Systems Inc.
- Significance
- The document highlights regulatory actions and lawsuits against NES. LLC and National Enterprise Systems Inc., indicating potential compliance and reputational risks.
File Info
- File Name
- EFTA01297822.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:42:38.943535
- DOJ Source
- View on DOJ