Respondent took money from his securities firm customer, allegedly for an investment in an accounting practice. The investment was not made, but Respondent returned only a portion of the money. Respondent’s misuse of customer funds violated NASD Conduct Rules 2330(a) and 2110, for which he is barred from associating with any FINRA member firm in any capacity. Respondent is also ordered to pay restitution to the customer in the amount of $36,700, plus pre-judgment interest, and to pay costs.
Respondent failed to provide documents requested pursuant to FINRA Rule 8210 in a timely and complete manner, violating FINRA Rules 8210 and 2010. For this misconduct, Respondent is separately barred from associating with any FINRA member firm in any capacity.
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