A former registered rep with Huntington National Bank was suspended from the industry for 45 days and fined $10,000 for recommending municipal unit investment trusts to bank customers without understanding the risks and rewards of the products he touted.
Jeffrey Rittberger, a personal banker at a Huntington branch in Zanesville, Ohio, allegedly recommended municipal UITs totaling approximately $198,000 to five customers, according to a recent FINRA filing.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access