(Bloomberg) -- David Sirianni, Oppenheimer Holdings' head municipal bond trader, was fined $100,000 and suspended for 60 days by the FINRA for overcharging customers.
Sirianni marked up bonds as much as 16% from July 2008 through June 2009, FINRA said today in a statement. New York-based Oppenheimer also was ordered to pay a $675,000 fine and $246,000 in restitution. The brokerage and the trader settled the case without admitting to the allegations, Wall Streets self-regulator said in the statement.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access