In May 2022, Chiampas willfully failed to disclose a customer complaint on his Uniform Application for Securities Industry Registration or Transfer (Form U4). In June 2022, he settled with the customer away from his firm. By willfully failing to disclose the complaint, Chiampas violated Article V, Section 2(c) of FINRA’s By-Laws and FINRA Rules 1122 and 2010. By settling the dispute without knowledge of his firm, he violated FINRA Rule 2010. He is suspended in all capacities for six months and fined $10,000.

Between October 2019 and April 2021, Wall Street Access (WABR) violated Rule 611(c) of Regulation National Market System (NMS) of the Securities Exchange Act of 1934 and FINRA Rule 2010 by failing to take reasonable steps to establish that the intermarket sweep orders (ISOs) it routed to certain market centers met the requirements for an ISO. The firm also failed to establish and maintain a supervisory system, including written supervisory procedures (WSPs), reasonably designed to prevent trade-throughs, in violation of Rule 611(a) of Regulation NMS and FINRA Rules 3110 and 2010.

Between at least July 2020 through November 2023, while associated with Morgan Stanley, Head converted over $498,000 from two firm customers for his personal use, violating FINRA Rules 2150(a) and 2010.