DOUGLAS ALAN RAUH - Investment Adviser

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Detailed ReportReport

DOUGLAS ALAN RAUH

CRD#: 1465225

Previous Investment Adviser

Previous Broker

BARRED BY FINRA OR THE SEC

FINRA has barred this individual from acting as a broker or otherwise associating with a broker-dealer firm.

The representative was previously registered both as an investment adviser and as a broker. Visit BrokerCheck for more information on this individual's Broker record. Go to BrokerCheck Site

Licenses

Licenses

0 Licenses

Registration History

Disclosure(s)

View By:

12/3/2004

Regulatory

Final

Initiated By

NASD

Allegations

NASD CONDUCT RULE 2110, IM-1000-1, 2860(B)(18) & (19), 2510(B) , 2310 DOUGLAS A RAUH WILLFULLY FAILED TO DISCLOSE MATERIAL FACTS ON HIS FORM U4. WHILE REGISTERED WITH A MEMBER FIRM, RAUH EXERCISED DISCRETION IN ACCOUNTS OF PUBLIC CUSTOMERS WITHOUT RECEIVING PRIOR WRITTEN AUTHORIZATION TO EXERCISE SUCH DISCRETIONARY POWER BY THE CUSTOMERS AND WITHOUT RECEIVING ACCEPTANCE OF THE DISCRETIONARY ACCOUNT BY HIS MEMBER FIRM. FURTHERMORE, RAUH EFFECTED MULTIPLE SECURITIES TRANSACTIONS IN A PUBLIC CUSTOMER'S ACCOUNT WITHOUT HAVING REASONABLE GROUNDS FOR BELIEVING THAT SUCH TRANSACTIONS WERE SUITABLE FOR THE CUSTOMER IN VIEW OF THE SIZE, FREQUENCY, CONCENTRATION OF THE SPECULATIVE SECURITIES, AND NATURE OF THE RECOMMENDED TRANSACTIONS, AND IN LIGHT OF HIS FINANCIAL SITUATION, INVESTMENT OBJECTIVES, CIRCUMSTANCES AND NEEDS. MOREOVER, RAUH, WHILE EXERCISING CONTROL OF OVER A PUBLIC CUSTOMER'S ACCOUNTS EXECUTED OPTIONS TRADES WITHOUT REASONABLE GROUNDS FOR BELIEVING THAT THE CUSTOMER WAS CAPABLE OF EVALUATING THE TRANSACTION RISK; WAS FINANCIALLY ABLE TO BEAR THE RISKS OF THE RECOMMENDATIONS; AND THAT THE TRADES WERE NOT SUITABLE.

Resolution

Decision

Bar

Bar (Permanent)

Sanctions

Civil and Administrative Penalty(ies)/Fine(s)

Sanctions

Monetary Penalty other than Fines

Regulator Statement

RESPONDENT WILLFULLY FAILED TO DISCLOSE A MATERIAL FACT ON A FORM U4, AND THAT UNDER SECTION 15(B)(4)(A) OF THE SECURITIES EXCHANGE ACT OF 1934 AND ARTICLE III, SECTION 4(F) OF THE NASD BY-LAWS, THIS OMISSION MAKE HIM SUBJECT TO A STATUTORY DISQUALIFICATION WITH RESPECT TO ASSOCIATION WITH A MEMBER. HEARING PANEL DECISION RENDERED NOVEMBER 9, 2005, WHEREIN RESPONDENT IS BARRED FROM ASSOCIATION WITH ANY NASD MEMBER FIRM IN ANY CAPACITY AND FINED $118,495.00. IN ADDITION, RESPONDENT IS ORDERED TO PAY $5,134.16 IN COSTS. THE FINE SHALL BE DUE AND PAYABLE WHEN AND IF RESPONDENT SEEKS TO RETURN TO THE SECURITIES INDUSTRY. DECISION IS NOW FINAL DECEMBER 27, 2005. FINES PAID.

Previous Registration(s)

th hidden text	th hidden text	Name	Location
IA	08/06/2004 - 11/14/2005	BROOKSTREET CAPITAL MANAGEMENT (CRD#:14667)	IRVINE, CA

BROOKSTREET CAPITAL MANAGEMENT (CRD#:14667)

IRVINE, CA

08/06/2004 - 11/14/2005

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Broker

A brokerage firm, also called a broker-dealer, is in the business of buying and selling securities – stocks, bonds, mutual funds, and certain other investment products – on behalf of its customer (as broker), for its own bank (dealer), or both. Individuals who work for broker-dealers - the sales personnel are commonly referred to as brokers.

Investment Adviser

An investment adviser is paid for providing advice about securities to clients. In addition, some investment advisers manage investment portfolios and offer financial planning services.

Disclosures

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