The Financial Industry Regulatory Authority fined NEXT Financial Group, Inc., headquartered in Houston, TX, $1 million for supervisory violations that primarily involved the failure to supervise its approximately 130 Office of Supervisory Jurisdiction (OSJ) branch managers, who typically supervise transactions and sales activity for individual brokers or branches within a particular region. For more info visit https://www.finra.org/media-center/news-releases/2009/finra-fines-next-financial-group-1-million-supervisory-failures-led