On October 11th, FINRA announced that it had fined Guggenheim Securities, LLC of New York $800,000 for failing to supervise two collateralized debt obligation (CDO) traders who engaged in activities to hide a trading loss. In addition, Alexander Rekeda, the former head of Guggenheim's CDO Desk, was suspended for one year and fined $50,000; and Timothy Day, a trader on Guggenheim's CDO Desk, was suspended for four months and fined $20,000. FINRA Press Release.