Proceeding Number 2008014285801

Hearing Panel Decision in Department of Enforcement v. Paul James Marshall

January 25, 2012

For borrowing funds from a customer, in violation of NASD Conduct Rules 2110 and 2370, Respondent Paul James Marshall is suspended for 30 business days, fined $1,000, and ordered to pay restitution in the amount of $25,000 plus interest.  For not responding timely to requests for documents, in violation of FINRA Conduct Rule 2010 and Procedural Rule 8210, he is fined $2,500.  He is also ordered to pay costs of the hearing.

 

Respondent is not liable for misappropriating customer funds, in violation of NASD Conduct Rules 2110 and 2330(a).  The allegation that he did so is dismissed.

View Decision (PDF 74 KB)