Finra fines a bond dealer and its head trader for charging customers excessive markups on more...

|By:, SA News Editor

Finra fines a bond dealer and its head trader for charging customers excessive markups on more than 1.5K municipal bond and 1.7K CMO transactions over a 2-year period. "Precisely why retail clients should never buy actual bonds (use ETFs and closed-end funds)," suggests a trader.