FINRA Fines Guggenheim Over CDO Traders

12 Oct 2012

The Financial Industry Regulatory Authority has fined Guggenheim Securities $800,000 for failing to supervise two collateralized debt obligation traders for allegedly trying to conceal a trading loss.

The Financial Industry Regulatory Authority has fined Guggenheim Securities $800,000 for failing to supervise two collateralized debt obligation traders for allegedly trying to conceal a trading loss. FINRA also sanctioned the traders, Alexander Rekeda, former head of Guggenheim's CDO desk, with a one-year suspension and $50,000 fine; and ...

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