FINRA

Without admitting or denying the findings, DeBoer consented to the sanction and to the entry of findings that he recommended that two customers collectively invest $200,000 in securities offered by a software development company, and in return for the referrals DeBoer received $32,000 in compensation from the company, while the customers ultimately lost the entirety of their investments in the securities. The findings stated that the securities were not offered through DeBoer's member firm, and he did not disclose his participation in the transactions to the firm. Before making his recommendations, DeBoer failed to reasonably investigate the software company or its securities and therefore lacked a reasonable basis to believe the securities were suitable investments for at least some customers. The findings also stated that DeBoer marketed to his customers and other potential investors the services of an entity that provided separately-managed futures trading accounts. DeBoer referred approximately 28 people to the entity and received more than $70,000 in return for his referrals. Most or all of the people DeBoer referred to the futures trading entity lost a substantial amount of the money they invested. The findings also included that DeBoer did not disclose his involvement in this outside business activity to his firm.

Acceptance, Waiver & Consent(AWC)

Bar (Permanent)

All Capacities

Indefinite

5/16/2016

COMPLAINANTS ALLEGE INVESTMENTS WERE UNSUITABLE

$177,904.73

COMPLAINANT FEELS MANIPULATED AND ALLEGES REP'S RECOMMENDATION LED TO SIGNIFICANT LOSSES IN ACCOUNT DESPITE POSITIVE MARKET PERFORMANCE.

$40,000.00

COMPLAINANT ALLEGES REP RECOMMENDATION LED TO SIGNIFICANT LOSSES.

$100,000.00

COMPLAINANT INQUIRING IF ASSETS WERE TAKEN FROM HER ACCOUNT.

$100,000.00

SHOPLIFTING A $1.50 BLOCK OF CHEESE

MISDEMEANOR

CONTRACTING THE CORROLLTON POLICE THEY INDICATED THIS TYPE OF ACT IS USUALLY A MISDEMEANOR, BUT THEY HAD NO RECORDS BECAUSE IT HAPPENED SO LONG AGO. ALL PAYMENTS OR FINE WERE PAID BY THE SCHOOL I WAS ATTENDING AND COULD NOT FIND OUT THAT INFORMATION.

IN, 1983, I WAS ATTENDING WEST GEORGIA ON A BASKETBALL SCHOLARSHIP. I WAS TRYING TO GET INTO A FRATERNITY AND ONE OF THE ACTS WE HAD TO PERFORM WAS TO GO TO THIS GROCERY STORE AND STEAL DINNER FOR THE GROUP. A GROUP OF PLEGDES WENT TO THE STORE AND PROCEEDED TO STEAL THE DINNER. I WAS THE ONLY ONE APPREHENDED. THE SCHOOL PAID FOR EVERYTHING SO I DON'T KNOW THE COST INVOLVED OR THE OUT COME. I CALLED THE CARROLLTON POLICE IN GEORGIA AND THEY DO NOT HAVE ANY RECORDS OF THE EVENT. I WAS TOLD THEY DO NOT HOLD RECORDS MORE THAN 5-6 YRS.