Anonymous Comment On Regulatory Notice 22-08

As a former complex product supervisor for one of the largest broker-dealers in the nation and which is probably the highest producing structured product firm, I would like to make some comments on the practices employed by them and in the industry by general. First of all the process in getting an account approved for structured notes and options is largely a joke. Anyone from an 18 year old fresh out of high school wanting to invest their graduation money to a 93 year senior citizen in a senior living facility gets approved.

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FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2019061596401 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: BD4RIA, Inc. (Respondent) Member Firm CRD No. 290240 Pursuant to FINRA Rule 9216, Respondent BD4RIA, Inc. submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

2019063526901 Marc Augustus Reda CRD 2757330 Order sl (2022-1650586827651).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS Department of Enforcement, Complainant, v. Marc Augustus Reda CRD No. 2757330, Respondent. Disciplinary Proceeding No. 2019063526901 Hearing Officer—DDM ORDER ACCEPTING OFFER OF SETTLEMENT Date: March 21, 2022 Disciplinary Proceeding No. 2019063526901 was filed on June 15, 2021, by the Department of Enforcement of the Financial Industry Regulatory Authority (FINRA or Complainant). Respondent Marc A. Reda submitted an Offer of Settlement

2019061213901 Dempsey Lord Smith, LLC CRD 141238 AWC sl (2022-1650586829747).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2019061213901 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Dempsey Lord Smith, LLC (Respondent) Member Firm CRD No. 141238 Pursuant to FINRA Rule 9216, Respondent Dempsey Lord Smith, LLC submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

2020067007401 Andrew Benjamin Edenbaum CRD 3040543 AWC jlg (2022-1650500426033).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2020067007401 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Andrew Benjamin Edenbaum (Respondent) General Securities Representative (GSR) CRD No. 3040543 Pursuant to FINRA Rule 9216, Respondent Andrew Benjamin Edenbaum submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below. This AWC is submitted
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