SECURITIES

NASD Fines Beverly Hills Firm, 8 Brokers: The National Assn. of Securities Dealers has fined now-defunct Reynolds Kendrick Stratton Inc. $50,000 and eight of its former brokers a total of $365,000 for alleged violations of rules governing sales of stocks. The brokerage, while touting stock in Worldwide Collections Fund Inc. in 1992, failed to tell investors about Worldwide’s “serious problems,” the NASD said. Reynolds Kendrick, which ceased operations in 1994, sold more than 1 million shares of Worldwide in 1992, the NASD said. The eight brokers, all of whom worked in Reynolds Kendrick’s San Francisco office, have been suspended from the securities business for up to four months.