Securities representative suspended and fined for allegedly engaging in outside business activity without prior approval from his employer
FINRA Rule 2010 FINRA Rule 3270
Former securities representative barred for allegedly refusing to appear for on-the-record testimony
FINRA Rule 2010 FINRA Rule 8210
Citigroup Global Markets censured and fined for allegedly violating the short tender rule
The firm over-tendered 11.1m shares in 13 partial tender offers (PTOs). The firm’s procedures “did not require the frim to determine whether it held any short positions in the security in other accounts, nor did they provide any other means to ensure that the firm would not tender more securities than it was net long”.
FINRA Rule 2010 FINRA Rule 3110 Securities Exchange Act Rule 14e-4 Short Tender Rule
Former securities representative suspended and fined for allegedly failing to disclose a felony charge on Form U4
FINRA Rule 2010 FINRA Rule 4511
Former securities representative barred for allegedly refusing to appear for on-the-record testimony
FINRA Rule 2010 FINRA Rule 8210
Former securities representative suspended and fined for forging and/or falsifying customer signatures.
FINRA Rule 2010 FINRA Rule 4511
Securities representative suspended and fined for allegedly engaging in outside business activity without prior approval from his employer
FINRA Rule 2010 FINRA Rule 3270
The Extended Hearing Panel’s findings of unsuitable investment recommendations and other violations by former securities representative affirmed on appeal
The decision to bar the former securities representative is confirmed and a second bar in all capacities is also imposed along with a disgorgement of $458,418.07 in commissions earned from the relevant transactions.
(This is an appeal panel decision and not an AWC)
FINRA Rule 2010 FINRA Rule 2111 FINRA Rule 2330 FINRA Rule 4511
| Unless otherwise noted all respondents accepted and consented to FINRA’s findings without admitting or denying them. |