(The 11th District is the Dallas branch of the Federal Reserve system.)
The charges stem from widespread violations at the firm's Dallas branch in the 1980's and early 1990's.
The investigation of the Dallas branch is only part of a multitiered inquiry by Federal regulators into wrongdoing at the firm.
He added, "Haick satisfied all of his supervisory responsibilities with respect to the Dallas branch."
The most damaging parts of the case in the Dallas branch were said to pertain to Mr. Storaska.
He was allowed to run his own department, called Corporate Executive Services, within the Dallas branch.
Her father, who is retired, was an executive vice president in the Dallas branch of Nationsbank, the national commercial and retail banking company.
A Federal criminal inquiry has also begun into the partnership sales and the activities of the firm's north Dallas branch.
Many misdeeds now haunting the firm emerged from that single Dallas branch.
According to the complaint, senior management obstructed attempts to shut down the broker's operations in the firm's Dallas branch once the extent of his violations were learned.
