Respondent converted investor funds, in violation of FINRA Rule 2010. He did so by making fraudulent misrepresentations in connection with the purported sale of securities, in violation of FINRA Rules 2020 and 2010. Respondent is barred from associating in any capacity with any FINRA-registered firm for each of these violations. In light of the bars, no further sanctions are imposed for engaging in private securities transactions without providing written notice to his firm, in violation of NASD Rule 3040 and FINRA Rule 2010, and engaging in outside business activities without providing written notice to his firm, in violation of NASD Rule 3030 and FINRA Rules 3270 and 2010. Respondent is also ordered to pay costs.
This decision has been appealed or called for review. While the appeal or call for review is pending, the findings and sanctions imposed in this decision are subject to review and modification by FINRA or the SEC.
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