The National Association of Securities Dealers may charge MetLife Inc. with violations of NASD rules, MetLife says.[@@]
MetLife, New York, itself reported concerns about possible cases of "late trading" at 3 broker-dealer units to the NASD, Washington.
NASD staff members have decided that, in a "limited number" of transactions completed in 2003, purchasers placed orders with the 3 broker-dealers after the usual 4 p.m. Eastern time closing time but received the same day's net asset value, MetLife says.
