Proceeding Number 2008011762801
Amended Hearing Panel Decision in Department of Enforcement v. Mitchell Fillet
December 13, 2011
Respondent violated Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and NASD Conduct Rules 2110, 2120, and IM-2310-2, by misrepresenting and omitting material facts in connection with the sale of securities to an investor. For this violation, he is suspended in all capacities for six months and fined $10,000. Respondent also violated NASD Conduct Rules 3110(a) and 2110 by falsifying firm records and submitting the falsified documents to FINRA. For this violation, he is suspended concurrently for two years, and fined $10,000. Respondent is also ordered to pay costs.
This decision has been appealed.
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