The Financial Industry Regulatory Authority fined four firms and two individuals a total of $270,000 for violations of municipal securities rules, FINRA announced this month.

The firms and fines included: Edward D. Jones & Co. with $160,000, Alluvion Securities LLC with $45,000, Robert W. Baird & Co. with $45,000, and Tullet Prebon Financial Services LLC with $5,000. Alluvion chief executive officer John Jumper accepted a $10,000 fine, and former Morgan Stanley Smith Barney representative Norbert Price agreed to a $5,000 fine and a one-month suspension.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.