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.
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