Proceeding Number 2009020081301
Amended Hearing Panel Decision in Department of Enforcement v. William M. Somerindyke, Jr. and Respondent 2
December 17, 2012
Respondent William R. Somerindyke, Jr. violated NASD Conduct Rules 3040 and 2110 by participating in three outside securities transactions. He is suspended from associating in any capacity with any FINRA member firm for 30 business days, fined $10,000, and assessed the costs of the hearing.
Respondents Somerindyke and Respondent 2 violated NASD Conduct Rules 3030 and 2110 by engaging in outside business activities without providing prompt written notice to their FINRA member firm employer. Respondent Somerindyke is suspended from associating in any capacity with any FINRA member firm for ten business days, and fined $5,000; Respondent 2 is fined $2,500. For a second alleged violation of Rules 3030 and 2110, the Hearing Panel finds that Respondents are not liable.
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