Proceeding Number 20080117243
Amended Hearing Panel Decision in Department of Enforcement v. Christopher Robert Ranni
March 9, 2012
As Chief Compliance Officer of his Firm, over a six-month period Respondent: (i) failed to establish and maintain adequate written supervisory procedures in violation of NASD Rules 3010 and 2110 (First Cause); (ii) failed to enforce written supervisory procedures that were in place regarding private placements in violation of NASD Rules 3010 and 2110 (Second Cause); and (iii) failed to establish, maintain and enforce written supervisory control procedures in violation of NASD 3012 and 2110 (Third Cause). For these violations, Respondent is suspended from association with any FINRA registered firm in any supervisory capacity for a total of eight months and ordered to pay both a total fine of $7,000 and costs.
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