A N.Y. brokerage firm’s officials were censured.
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Robert Brennan, owner of First Jersey Securities, and head trader Anthony Nadino have been suspended from trading and fined on charges of manipulating securities prices. The National Assn. of Securities Dealers said the pair was cited for “serious misconduct.” The action is part of an agreement to settle charges against the New York City-based firm. Brennan and Nadino, who proposed the settlement agreement, neither admitted nor denied the allegations. Brennan and Nadino each agreed to fines of $25,000, censure and a suspension from securities trading from Dec. 1 to Dec. 12. In addition, the company will be fined $300,000.
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