2020065906301 Hung Brandon Ly CRD 5500875 AWC va (2021-1627086000932).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2020065906301 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Hung Brandon Ly (Respondent) Former General Securities Representative CRD No. 5500875 Pursuant to FINRA Rule 9216, Respondent Hung Brandon Ly submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

Regulatory Notice 21-22

Summary

FINRA warns member firms of an ongoing phishing campaign that involves fraudulent emails (see sample in Appendix) purporting to be from “FINRA SUPPORT” with the email address “[email protected]”. The email asks the recipient to pay attention “to the report attached below that requires your immediate response” and states that “[t]he attachment contains our updated Public Policy information.” The emails may not include an attachment.

L D Comment On Regulatory Notice 21-19

If naked shorting is illegal why allow loop holes around it? All short interest positions should definitely be reported. I’m a proud Retail investor in Inovio Pharmaceuticals... a company saving lives for Cancer and Covid that’s been in the top 25 shorted companies list far too long. It’s really sad that when I speak of this company I have no choice but to state how the SEC is allowing shorting to happen without transparency and therefore is directly involved in illegal shorting activity.

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