(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 Street’s self-regulator said in the statement.

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