Proceeding Number 2006003916901
Hearing Panel Decision in Department of Enforcement v. Richard Michael Bowers
April 20, 2010
For permitting an unregistered person to act as a principal, in violation of NASD Rules 1021 and 2110, Respondent is suspended for two months in all principal capacities, fined $5,000, and required to requalify in all principal capacities. For failing to establish, maintain, and enforce a reasonable supervisory system and written supervisory procedures, in violation of NASD Rules 3010 and 2110, this Decision shall serve as a Letter of Caution to Respondent.
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