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.

View Decision (PDF 55 KB)