Washington, D.C.-NASD Regulation, Inc., announced today that it censured Credit Suisse First
Boston Corporation (CSFB) and directed it to pay $50 million in monetary sanctions for taking
millions of dollars from customers in inflated commissions in exchange for allocations of "hot"
Initial Public Offerings (IPOs). The inflated commissions essentially amounted to a "profit sharing"
arrangement with CSFB as the IPO shares climbed in the secondary market. As part of the
settlement, CSFB will also pay $50 million to the Securities and Exchange Commission.