The NASD fined Worldco LLC $1.5 million and mandated a three-year barring of its chief executive officer Monday for not separating business operations from the hedge fund PTJP Partners.

John G. Miller, Worldco’s CEO, cannot act as principal of the firm for three years and must pay $250,000. Also suspended and fined were founder Peter Bruan (one year, $100,000), and his sons Walter Scott Bruan and Christopher Bruan (four months and 15 days each, total of $80,000 in fines between them). Those numbers are just part of a $1.5 million total fine. All four men settled, thus admitting neither guilt nor innocence.

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