FINRA Fines Broker-Dealer for Failing to Supervise CDO Traders; Two Traders Sanctioned for Efforts to Hide Loss

FINRA announced that it had fined a broker-dealer $800,000 for failing to supervise two collateralized debt obligation (CDO) traders who engaged in activities to hide a trading loss. FINRA found that the firm had failed to review the CDO Desk's trades, documentation of the traders, and the traders' emails.

View news release here(links externally to FINRA website).