Matthew King Absher – Boca Raton, Florida Unapproved Outside Business Activity FINRA Arbitration Attorney:
The Financial Industry Regulatory Authority, Inc. (FINRA) is a self-regulatory authority assigned the responsibility, by the Securities and Exchange Commission, to license, regulate and discipline securities broker/dealers and their employees, including account executives. In the event that FINRA elects to institute an enforcement action, firms and licensed individuals have the responsibility to reflect such action on their U-4 and/or U-5 filings, which can be viewed on the FINRA website under the broker-check section of the site or by viewing the monthly disciplinary information also provided on the FINRA site.
The monthly disciplinary information is referenced on the FINRA site generally in alphabetical order. This post relates to the following company or individuals. If the reader would like to review the entire FINRA release or the broker-check information concerning this matter, you can follow these highlighted links:
December 2014 Disciplinary and Other FINRA Actions:
Matthew King Absher (CRD #5668975, Austin, Texas) submitted an AWC in which he was assessed a deferred fine of $5,000 and suspended from association with any FINRA member in any capacity for 60 days. Without admitting or denying the findings, Absher consented to the sanctions and to the entry of findings that he engaged in an outside business activity by serving as a director of an inactive, but registered company he incorporated for daytrading without providing written notice to his member firm. The findings stated that Absher inaccurately answered firm questionnaires about that outside business activity.
Additionally, Absher engaged in an outside business activity by serving as president of a company that provided containers for construction sites without providing written notice to his firm. (FINRA Case #2013038446701).
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