FINRA

FINRA RULES 2010, 3240, NASD RULE 2370: LENTELL IMPROPERLY ACCEPTED LOANS TOTALING $316,000 FROM CUSTOMERS OF HIS MEMBER FIRM, NONE OF WHOM WERE LENTELL'S IMMEDIATE FAMILY MEMBERS. THE TERMS OF THE LOAN ARRANGEMENTS, EXCEPT FOR THE LOAN WITH ONE CUSTOMER, WERE NOT MEMORIALIZED IN WRITING. TO DATE, LENTELL HAS FAILED TO REPAY $52,000 OF THE $316,000 TO CUSTOMERS. WHILE NONE OF THE CUSTOMERS COMPLAINED ABOUT THE LOAN ARRANGEMENTS, LENTELL DID NOT NOTIFY OR RECEIVE APPROVAL FROM HIS FIRM PRIOR TO ENTERING INTO ANY OF THE LOAN ARRANGEMENTS. MOREOVER, GIVEN THAT NONE OF THE CUSTOMERS WERE IMMEDIATE FAMILY MEMBERS OF LENTELL, THE FIRM'S PROCEDURES PRECLUDED HIM FROM ACCEPTING SUCH LOANS. FURTHERMORE, IN THREE COMPLIANCE QUESTIONNAIRES COMPLETED BY LENTELL IN JANUARY 2010, APRIL 2011 AND APRIL 2012, HE FALSELY MISREPRESENTED TO HIS FIRM THAT HE HAD NOT BORROWED MONEY FROM ANY FIRM CUSTOMERS.

Acceptance, Waiver & Consent(AWC)

Bar (Permanent)

All Capacities

Indefinite

7/19/2013

WITHOUT ADMITTING OR DENYING THE FINDINGS, LENTELL CONSENTED TO THE DESCRIBED SANCTION AND TO THE ENTRY OF FINDINGS; THEREFORE HE IS BARRED FROM ASSOCIATION WITH ANY FINRA MEMBER IN ANY CAPACITY.