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Bond trader fined and suspended

Piggy Bank

David Sirianni, Oppenheimer's head municipal bond trader, was fined $100,000 and suspended for 60 days by the Financial Industry Regulatory Authority for overcharging customers.



Exit Sign

Why are hedge funds supporting Brexit?

Hedge funds like the sort of stock market volatility predicted this week by a US investment bank: Morgan Stanley claimed that if the UK votes to leave the European Union, shares in the FTSE 100 could underperform by 20%.