State of Georgia Commissioner of Securities

ON NOVEMBER 29, 2017, CRAIG E. LEWIS ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER, AND CONSENT WITH THE FINANCIAL INDUSTRY REGULATORY AUTHORITY IN WHICH LEWIS ACCEPTED A BAR FROM ASSOCIATING WITH ANY FINRA MEMBER FIRM IN ANY CAPACITY.

Consent

Undertaking

THE ORDER RESULTED IN BINAH INVESTMENT ADVISORY AND CRAIG EDWARD LEWIS BEING PLACED ON CONDITIONAL REGISTRATION STATUS FOR A PERIOD OF ONE YEAR BEGINNING MARCH 9, 2020 REQUIRING COMPLIANCE OVERSIGHT FROM AN UNAFFILIATED THIRD PARTY (UNDERTAKING); SUBMITTING TO FURTHER PERIODIC INSPECTIONS CONDUCTED BY AND AT THE DISCRETION OF THE STATE; REPORTING TO THE STATE ANY COMPLAINT RECEIVED FROM A RESIDENT OF GEORGIA DURING THE ONE YEAR PERIOD.

FINRA

Without admitting or denying the findings, Lewis consented to the sanction and to the entry of findings that he refused to appear for FINRA on-the-record testimony after FINRA discovered additional evidence following his first on-the-record testimony reflecting that Lewis may have engaged in undisclosed outside business activity by selling equity indexed annuities through a third-party life insurance company to several customers of his member firm; directed trading activity in a customer's securities account held away from his member firm without disclosing to that member firm that he was a registered representative and without disclosing his activities to his member firm; and traded away in an undisclosed personal securities account held at another FINRA member firm without disclosing to that member firm that he was a registered representative.

Acceptance, Waiver & Consent(AWC)

Bar (Permanent)

All capacities

Indefinite

11/29/2017

Representative had client open an online brokerage account away from his employing broker-dealer in June 2015. He told her that it would be a hedged account actively managed by him. He then placed trades in the account using the client's username and password. Rep's fee was to be a percentage of any monthly net gains. Client was told by rep that her money would be safe when in fact the account significantly decreased in value over the next eight months. All of this was done by the rep without the knowledge or consent of his employing firm.

$8,942.22

$8,944.10

Client alleges that his signature was forged on account applications and related documents in July 2014.

$5,000.00

A. G. EDWARDS & SONS, INC.

Permitted to Resign

NONE ALLEGED THAT I SIGNED A CUSOTMERS NAME TO A LETTER REQUESTING MUTUAL FUND SERVICING THAT DID NOT INVOLVE ANY FINANCIAL TRANSFER COMMISSION OR EXPENSE. CLIENT HAD ASKED ME TO DO SO BUT THE BRANCH MANAGER SAID THAT WAS A BREACH OF RULES AND ASKED ME TO RESIGN.

NO PENALITY NO FINE, NO SETTLEMENT, NO DISPOSITION NO SUSPENSION. THE NASD ASKED ME TO SIGN A STATEMENT THAT I WOULD NOT DO THIS AGAIN I AGREED. ALREADY COVERED