FINRA

FINRA RULES 2010, 8210: WARD FAILED TO PROVIDE INFORMATION AND DOCUMENTS IN RESPONSE TO FOUR REQUESTS FROM FINRA.

Decision

Bar (Permanent)

All Capacities

8/24/2012

DEFAULT DECISION RENDERED JULY 27, 2012 WHEREIN WARD IS BARRED FROM ASSOCIATION WITH ANY FINRA MEMBER IN ANY CAPACITY FOR FAILING TO RESPOND TO FINRA REQUESTS FOR INFORMATION, IN VIOLATION OF FINRA RULES 8210 AND 2010, AS ALLEGED IN THE COMPLAINT. THE REQUESTS FOR INFORMATION AND DOCUMENTS WERE IN CONNECTION WITH FINRA'S INVESTIGATION INTO WARD'S LIENS AND JUDGMENTS. DECISION BECAME FINAL AUGUST 24, 2012.

FINRA

WARD FAILED TO RESPOND TO FINRA REQUEST FOR INFORMATION.

LETTER

Bar (Permanent)

All Capacities

Indefinite

8/24/2012

PURSUANT TO FINRA RULE 9552(H) AND IN ACCORDANCE WITH FINRA'S NOTICE OF SUSPENSION AND THE CORRECTED SUSPENSION FROM ASSOCIATION LETTERS DATED JUNE 29, 2011 AND JULY 25, 2011, RESPECTIVELY, ON OCTOBER 3, 2011, WARD 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 INTENT TO SUSPEND; THEREFORE, HE IS AUTOMATICALLY BARRED FROM ASSOCIATION WITH ANY FINRA MEMBER IN ANY CAPACITY. ON NOVEMBER 2, 2011, KEATH WARD FILED AN APPLICATION WITH THE SEC FOR REVIEW OF ACTION TAKEN AGAINST HIM BY FINRA. ON DECEMBER 14, 2011 FINRA TERMINATED THE SUSPENSION AND VACATED THE BAR. ON DECEMBER 20, 2011 FINRA FILED WITH THE SEC A MOTION TO DISMISS KEATH WARD'S APPLICATION FOR REVIEW OF ACTION TAKEN UNDER FINRA RULES 9552 AND 9559, AND FINRA ALSO REQUESTED THAT THE COMMISSION STAY BRIEFING IN THIS MATTER PENDING RESOLUTION OF THIS MOTION TO DISMISS. FINRA STATED THAT IN LIGHT OF THE FACT THAT FINRA TERMINATED THE SUSPENSION AND VACATED THE BAR IMPOSED UPON WARD TO AFFORD HIM AN OPPORTUNITY TO PROVIDE THE REQUESTED INFORMATION AND TO PURSUE A RESOLUTION OF THE MATTER WITH FINRA; WARD'S APPLICATION FOR REVIEW IS THUS MOOT. BAR VACATED DECEMBER 14, 2011. JANUARY 18, 2012: SEC CORRECTED ORDER DISMISSING APPLICATION FOR REVIEW - ON NOVEMBER 9, 2011, WARD FILED AN APPLICATION FOR REVIEW OF THE FINRA DISCIPLINARY ACTION. ON DECEMBER 21, 2011, FINRA FILED WITH THE COMMISSION A "MOTION TO DISMISS APPLICATION FOR REVIEW AND TO STAY BRIEFING SCHEDULE." ACCORDINGLY, IT IS ORDERED THAT WARD'S APPLICATION FOR REVIEW BE, AND IT HEREBY IS, DISMISSED; AND IT IS FURTHER ORDERED, THAT THE BRIEFING SCHEDULE ORDER ISSUED DECEMBER 1, 2011 BE, AND IT HEREBY IS, RESCINDED. WARD WAS BARRED AUGUST 24, 2012.

MISSOURI DEPARTMENT OF INSURANCE

THE MISSOURI DEPARTMENT OF INSURANCE SUSPENDED THE REPS INSURANCE LICENSE ON JANUARY 19, 2005 FOR FAILURE TO FILE HIS STATE TAX RETURN FOR 2002.

Other

Suspension

THE MISSOURI DEPARTMENT OF REVENUE SENT A NOTICE TO THE REP SOMETIME IN OCTOBER 2004 REGARDING A TAX COMPLIANCE ISSUE AND GAVE HIM 90 DAYS TO TAKE CARE OF THE MATTER. THE MISSOURI DEPARTMENT OF REVENUE SENT A CERTIFICATION OF NON-COMPLIANCE NOTICE TO THE REP AND TO THE MISSOURI DEPARTMENT OF INSURANCE IN JANUARY 2005 STATING THAT THE REP FAILED TO TAKE CARE OF THE TAX COMPLIANCE ISSUE. JANUARY 5, 2005 THE MISSOURI DEPARTMENT OF INSURANCE SENT THE REP A LETTER STATING THAT IF THE TAX COMPLIANCE ISSUE WAS NOT TAKEN CARE OF BY JANUARY 19, 2005 HIS MISSOURI INSURANCE LICENSE WOULD BE SUSPENDED.

I AS THE REP WAS ACTUALLY UNAWARE THAT MY LICENSE WAS SUSPENDED. I DID NOT KNOW THAT MY LICENSE WAS SUSPENDED UNTIL I RECEIVED A LETTER FROM MY BROKER DEALER DATED APRIL 19, 2005. I HAVE BEEN IN FULL COOPERATION OF THIS MATTER WITH FFP SINCE I FOUND OUT.