Proceeding Number 2011028003001

Hearing Panel Decision in Department of Enforcement v. Ashik Akberali Kapasi

May 27, 2014

Respondent is barred from associating with any FINRA member firm in any capacity for providing a false response to a request for information, in violation of FINRA Rules 8210 and 2010, and for failing to respond to requests for information, in violation of FINRA Rules 8210 and 2010. Respondent is also ordered to pay hearing costs. In light of the bars, no further sanctions are imposed for Respondent’s borrowing of funds from customers, in violation of NASD Rule 2370 and FINRA Rule 2010.

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