FINRA bars former Morgan Stanley broker over $190M Venezuela bond trades
"A former Morgan Stanley broker who had been one of the largest producers in the firm’s New York branch has been banned from the industry under a settlement with FINRA.
John Batista Bocchino secretly made 300 Venezuelan currency bond trades worth $190 million after the firm forbade such transactions out of concerns about money laundering, according to FINRA.
The regulator announced settlements this week with Bocchino and his former sales assistant."
