New Jersey Bureau of Securities

SIEGEL MADE UNTRUE STATEMENTS OF MATERIAL FACT AND/OR OMITTED TO STATE MATERIAL FACTS NECESSARY IN ORDER TO MAKE THE STATEMENTS MADE IN LIGHT OF THE CIRCUMSTANCES UNDER WHICH THEY WERE MADE, NOT MISLEADING. SIEGEL ENGAGED IN AN ACT, PRACTICE, OR COURSE OF BUSINESS WHICH WOULD OPERATE AS A FRAUD OR DECEIT UPON ANY PERSON IN CONNECTION WITH THE OFFER, SALE OR PURCHASE OF SECURITIES. SIEGEL ENGAGED IN DISHONEST OR UNETHICAL BUSINESS PRACTICES IN THE SECURITIES BUSINESS. SIEGEL WILLFULLY VIOLATED OR WILLFULLY FAILED TO COMPLY WITH PROVISIONS OF THE SECURITIES LAW. SIEGEL IS THE SUBJECT OF AN ORDER BY A SELF-REGULATORY ORGANIZATION EXPELLING HIM FROM A NATIONAL SECURITIES ASSOCIATION.

Order

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

$100,000.00

Revocation

All exemptions contained in N.J.S.A. 49:3-50 subsection (a) paragraph 9, 10, and 11 and subsection (b) are hereby DENIED as to Siegel. All exemptions to the registration requirements provided by N.J.S.A. 49:3-56(b), N.J.S.A. 49:3-56(c), and N.J.S.A. 49:3-56(g) are hereby REVOKED as to Siegel.

FINRA

Respondent Siegel failed to respond to FINRA request for information.

Letter

Bar (Permanent)

All Capacities

Indefinite

10/28/2016

Pursuant to FINRA Rule 9552(h) and in accordance with FINRA's Notice of Suspension and Suspension from Association letters dated July 25, 2016 and August 18, 2016, respectively, on October 28, 2016, Siegel is barred from association with any FINRA member in any capacity. Respondent failed to request termination of his suspension within three months of the date of the Notice of Suspension; therefore, he is automatically barred from association with any FINRA member in any capacity.