Proceeding Number 2006006046401

Hearing Panel Decision in Department of Enforcement v. James Richard Willard, III

December 18, 2009

Respondent is: (i) suspended from associating with any FINRA member firm in any capacity for 30 business days and fined $5,000 for making unsuitable recommendations to a customer, in violation of Conduct Rules 2110, 2310, and IM-2310-2; (ii) suspended from associating with any FINRA member firm in any capacity for two years and fined $75,000 for falsifying records of his member firm employer, in violation of Conduct Rules 2110 and 3110; (iii) fined $2,500 for willfully reporting false information on Forms U4, in violation of Conduct Rule 2110 and IM-1000-1; and (iv) suspended from associating with any FINRA member firm in any capacity for six months and fined $10,000 for willfully reporting false information on a Form U4 and failing to report material information on Forms U4, in violation of Conduct Rule 2110 and IM-1000-1. The suspensions are imposed concurrently.

View Decision (PDF 140 KB)