Trading of Short – Term Unit Investment Trusts Ends with Suspension and Fines

Jun 12, 2017

By Tom Costello of Costello Law Group

FINRA suspended ex LPL broker, Mark Tauzin, from the securities industry for eight months for unsuitable short-term trading of unit investment trusts (UITs). FINRA alleged the short term trading was for the purpose of generating excessive commissions. FINRA ordered Tauzin to repay clients $205,000 plus interest and also fined Tauzin $20,000.


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