The Financial Industry Regulatory Authority Thursday ordered SunTrust Investment Services, Inc. of Atlanta, GA, to pay $1.44 million for making trades on behalf of customers that were not suitable for them.

FINRA found that SunTrust, through two brokers in its Maryland region, engaged in a pattern of unsuitable short-term investments in unit investment trust, closed-end fund and mutual fund transactions. The unsuitable trades were made in accounts of 17 customers, FINRA said, most of whom were elderly and/or disabled.

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