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.

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