Stock broker is fined $5,000
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- August
- 17
Regulators have taken action against an Armonk stock broker who was accused of making unauthorized transactions in a customer’s account over a two-year period.
Charles Edward Roden, a broker at Oppenheimer & Co. Inc., was fined $5,000 and suspended from associating with any industry company for 10 business days, according to the Financial Industry Regulatory Authority.
Roden executed 41 discretionary transactions in a customer’s investment account from Nov. 9, 2006 until Sept. 3, 2008 without obtaining written permission from the customer, according to FINRA. He also violated his employer’s policy by conducting such trades, FINRA added.
The 10-day suspension ended July 31. Roden could not be reached for comment.
In other action, FINRA barred Gregory J. Duffy from association with an industry company member in any capacity. Duffy, a former investment broker from Brewster, was disciplined for failing to appear for a on-the-record interview with regulators, according to FINRA. Duffy could not be reached for comment.
This entry was posted
on Monday, August 17th, 2009 at 3:04 pm by Jay Loomis.
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