USA: FINRA bars broker for insider trading
Posted by nileshkokane on 12 July, 2011
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As published in the Financial Industry Regulatory Authority (FINRA) disciplinary actions report for June 2011, a former registered representative Michael Hendry has been barred from the securities industry for engaging in insider trading and for failing to respond truthfully to questioning by investigators in FINRA’s Office of Fraud Detection and Market Intelligence (OFDMI). Hendry was also fined nearly $70,000, which represents the unlawful profits he received from the transactions.
The original article can be found at Financial Industry Regulatory Authority.
Courtesy: apublicdefender.com
