Raymond James Broker Fined $5,000, Suspended for 10 Days

Hume, Lynn
May 2006
Bond Buyer;5/16/2006, Vol. 356 Issue 32382, p6
Trade Publication
The article reports that the National Association of Securities Dealers has imposed a fine against Michael Frank Dispenza, a Raymond James – Associates Inc. broker, in St. Petersburg, Florida. Dispenza was suspended from the industry for ten business days for buying municipal securities from customers at prices. Dispenza accepted bids for municipal securities on August 19, 2003 and November 19, 2003.


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