Proceeding Number 2008013864401

Amended Hearing Panel Decision in Department of Enforcement v. Michael Jennings, Brian Mulvey and Respondent 3

March 4, 2013

Respondents Jennings and Mulvey violated NASD Conduct Rule 2110 by shadowing trades in a customer’s accounts. Jennings is suspended from associating with any FINRA registered firm for ten business days and fined $20,000, and Mulvey is fined $5,000. They are also ordered to pay the costs of this proceeding.

 

The charge that Respondent 3 failed to supervise Jennings and Mulvey is dismissed.

View Decision (PDF 114 KB)