The Federal Reserve Board on Tuesday fined former Bankers Trust New York Corp. employee Gary S. Missner $100,000 for his role in selling and marketing leveraged derivatives to Gibson Greetings Inc.

The Fed also banned Mr. Missner from banking for five years. This means he cannot work for a bank, holding company, or nonbank subsidiary.

Mr. Missner also must notify any bank that wants to hire him in the future about the order.

The Securities and Exchange Commission issued its own order against Mr. Missner, charging that he provided Gibson with data signficantly understating its derivative lossses.

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