Puerto Rico bond trading under FINRA examination
NEW YORK, March 21
NEW YORK, March 21 (Reuters) - Securities-sector regulator FINRA said on Friday it was examining secondary trades in Puerto Rico's blockbuster $3.5 billion bond deal for possible violations of rules requiring minimum sales of $100,000.
"FINRA is aware of this situation and is examining trading activity in this CUSIP," FINRA spokesman George Smaragdis said, referring to the identity number for the Caribbean island's single-maturity, general-obligation bond deal. (Reporting By Michael Connor in New York; Editing by Chris Reese)
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