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SunTrust Investment Services Fined $1.44 Million for Fraudulent Sales of Unit Investment trusts and Mutual Funds.
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July 23, 2010 @ 12:25 pm |
SunTrust Investment Services Fined $1.44 Million for Fraudulent Sales of Unit Investment trusts and Mutual Funds.
Sanction Includes $540,000 to Defrauded Customers;
Broker David Bredenburg Barred
Donald Mattran , Former Branch Manager Suspended
The Financial Industry Regulatory Authority (FINRA) announced today thatSunTrust Investment Services, Inc. has agreed to pay$1.44 million to settle regulatory charges that it sold unsuitable unit investment trusts (UIT), closed-end fund (CEF) and mutual fund transactions to 17 customers who incurred loss...
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FINRA Year in Review
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July 13, 2010 @ 10:20 am |
Sutherland Asbill & Brennan LLP announced that it completed its annual review of disciplinary actions brought by the Financial Industry Regulatory Authority (FINRA) in 2009. On June 22, 2010, FINRA issued its “2009 Year in Review.” By reviewing FINRA’s notices and releases, Sutherland Partners Deborah G. Heilizer and Brian L. Rubin and Associate Shanyn L. Gillespie found that FINRA reported modest increases in fines and disciplinary actions in 2009, as compared to 2008, but was less active than in 2005, 2006 and 2007. Sutherland also identified the...
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Securities Law: Insider Trading (Turning Point Series)
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Wayward Capitalists: Targets of the Securities and Exchange Commission (Yale Studies on White-Collar Crime Serie)
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