FINRA

RESPONDENT TAWASHA FAILED TO RESPOND TO FINRA REQUEST FOR INFORMATION.

LETTER

Bar (Permanent)

All Capacities

Indefinite

9/2/2014

PURSUANT TO FINRA RULE 9552(H) AND IN ACCORDANCE WITH FINRA'S NOTICE OF SUSPENSION AND SUSPENSION FROM ASSOCIATION LETTERS DATED MAY 30, 2014 AND JUNE 23, 2014, RESPECTIVELY, ON SEPTEMBER 2, 2014 TAWASHA IS BARRED FROM ASSOCIATION WITH ANY FINRA MEMBER IN ANY CAPACITY. TAWASHA 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.

SUITABILITY; BREACH OF FIDUCIARY DUTY; ACCOUNT RELATED - FAILURE TO SUPERVISE. I CAREFULLY AND FULLY EXPLAINED TO THE CUSTOMER THE FUNDAMENTALS AND RISKS OF EACH SECURITY HE PURCHASED AND EACH PURCHASE WAS DULY AUTHORIZED. AT ALL TIMES WHILE I SERVICED THE ACCOUNT, I REGULARLY REVIEWED THE PORTFOLIO WITH THE CLIENT WHO WAS ALWAYS AWARE OF THE VALUE OF ALL POSITIONS IN IT. NOT ONLY DID [CUSTOMER] WANT TO HOLD THE POSITIONS, HE ATTEMPTED TO PURCHASE MORE OF ONE POSITION TO AVERAGE DOWN, HOWEVER, I DISCOURAGED HIM FROM DOING SO. WHILE THE CUSTOMER CLAIMED THAT I RECOMMENDED A LOW PRICE SECURITY, THE STOCK ULTIMATELY WENT AS HIGH AS $50.00 AFTER THE ARBITRATION AND THE CUSTOMER I BELIEVE STILL OWNED THE STOCK.

$10,000.00

$10,000.00

RESPONDENTS WERE JOINTLY AND SEVERALLY LIABLE TO PAY THE CLAIMANT $10,000.