Stephen R. Moynahan has been barred from acting as a supervisor at a broker-dealer firm, suspended from the dealer community for six months, and ordered to pay $140,000 under a settlement of Securities and Exchange Commission charges that he failed to supervise Robert J. Bradbury, the former head of Dolphin & Bradbury Inc., who allegedly defrauded Pennsylvania school districts.

"Supervising the people you're assigned to supervise is an important part of complying with the federal securities laws," Mark Zehner, the SEC's Philadelphia-based regional municipal securities counsel, said yesterday, a day after the commission entered into the settlement with Moynahan.

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