Clients claimed short term trading of A-Share Mutual Funds and Preferred Stock was unauthorized and excessive. (1/1/2015-11/15/2015)

$15,000.00

FINRA

Without admitting or denying the findings, McCormick consented to the sanctions and to the entry of findings that he refused to appear for testimony at FINRA staff's request. The findings stated that FINRA staff initiated an investigation into the circumstances surrounding McCormick's termination from his member firm and customer complaints against McCormick that the firm had reported to FINRA on McCormick's Form U5. The staff issued a letter requesting McCormick's appearance at FINRA's offices to testify under oath, but as stated in his email to the staff and by this agreement, McCormick acknowledges that he received the request and will not appear for on-the-record testimony at any time nor cooperate with the investigation.

Acceptance, Waiver & Consent(AWC)

Bar (Permanent)

All Capacities

Indefinite

7/20/2016

Client alleges that he did not authorize the transactions in his account as he only spoke to the FA at the time that he established his account. Client further alleges that he gave the FA instructions about how to allocate his account at the time the account was established but his instructions were not followed.

CLIENT ALLEGES EXCESSIVE TRADING AND SUITABILITY. DATES OF ACTIVITY ARE 1/1/09 - 4/30/11.

$28,500.00

CUSTOMER ALLEGED THAT MR. MCCORMICK COMMITTED EXCESSIVE TRADING IN HER ACCOUNT BETWEEN JUNE 2000 AND NOVEMBER 2000.

$30,000.00