South Florida Arbitration & Litigation Lawyer Blog
FINRA Unsuitable Transaction and Negligent Supervision Arbitration Attorney, Russell L. Forkey, Esq.
September, 2011:
Ronald Dean Clark (CRD #1086724, Registered Representative, Tampa, Florida) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for 15 business days. Without admitting or denying the findings, Clark consented to the described sanctions and to the entry of findings that he participated in a private securities transaction, not for selling compensation, involving the purchase of approximately $88,000 worth of equity securities by customers and failed to provide written notice to his member firm prior to his participation in the securities transaction. The suspension was in effect from August 1, 2011, through August 19, 2011. (FINRA Case #2009018098601).