FINRA

FINRA RULES 2110, 8210, NASD RULES 2110, 2330 -MATTHEW BRADAKIS RECOMMENDED TO AN ELDERLY FIRM CUSTOMER THAT SHE USE HER $80,000 INHERITANCE TO PURCHASE A CONDOMINIUM SHE COULD USE AT TIMES AND LATER BECOME HER RESIDENCE ONCE HER HUSBAND PASSED AWAY. THE CUSTOMER ASKED BRADAKIS TO PURCHASE THE CONDO ON HER BEHALF IN HER AND BRADAKIS' NAMES. THE CUSTOMER DELIVERED A $80,000 CHECK TO BRADAKIS PAYABLE TO HIM FROM HER CHECKING ACCOUNT. BRADAKIS DID NOT INFORM HIS MEMBER FIRM OF THESE DEALINGS OR THAT HE WAS RECEIVING FUNDS FROM A FIRM CUSTOMER. BRADAKIS DEPOSITED THE FUNDS INTO AN ACCOUNT HE CONTROLLED AT HIS BANK AND USED APPROXIMATELY $25,381.89 FOR HIS PERSONAL USE. BRADAKIS USED $43,000 OF THE CUSTOMER'S FUNDS AS A DOWN PAYMENT ON A CONDO WITH HIMSELF AS THE SOLE GRANTEE. HE CREATED AND DELIVERED A DEED OF OWNERSHIP TO THE CUSTOMER GRANTING HER 49% INTEREST IN THE PROPERTY AND THE REMAINING 51% TO HIS COMPANY WITH HIMSELF BEING MANAGING MEMBER. BRADAKIS AND THE CUSTOMER SIGNED THE DEED WHICH WAS NOT NOTARIZED NOR RECORDED, MAKING BRADAKIS THE SOLE GRANTEE. BRADAKIS RENTED THE CONDO TO THIRD PARTIES WITH THE CUSTOMER'S UNDERSTANDING THAT THE RENTAL INCOME WOULD BE USED FOR MORTGAGE PAYMENTS. BRADAKIS RECEIVED ADDITIONAL FUNDS FROM THE CUSTOMER TO PAY CONDO EXPENSES. BRADAKIS' FIRM SETTLED WITH THE CUSTOMER AND PAID HER $95,000 AND, AT THE SAME TIME, BRADAKIS PAID HER $5,000 AND LATER PAID $75,000 TO THE FIRM TO REIMBURSE THE FIRM'S SETTLEMENT WITH THE CUSTOMER. BRADAKIS FAILED TO RESPOND TO A FINRA REQUEST FOR INFORMATION.

Acceptance, Waiver & Consent(AWC)

Bar (Permanent)

All Capacities

Indefinite

6/19/2012

Censure

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

ALABAMA

BRADAKIS HAS VIOLATED THE PROVISIONS OF SECTION 8-6-3(J)(7),CODE OF ALABAMA,1975, BY ENGAGING IN DISHONEST OR UNETHICAL PRACTICES, TO WIT; BRADAKIS CONVERTED CLIENT FUNDS TO PERSONAL USE. PURSUANT TO AN INTERNAL INVESTIGATION, EDWARD JONES ESTABLISHED THAT ON 02/25/07, WHILE ACTING AS AN EDWARD JONES IAR,BRADAKIS RECEIVED AN $80,000 CHECK FROM AN EDWARD JONES CLIENT. CLIENT ISSUED A CHECK, PAYABLE TO HERSELF, FROM HER EDWARD JONES BROKERAGE ACCT, DEPOSITED SAID CHECK INTO HER PERSONAL ACCT AT FIRST AMERICAN BANK, TO FACILITATE THE ISSUANCE OF THE $80,000 CHECK TO BRADAKIS. BRADAKIS DEPOSITED SAID CHECK AS AN INITIAL DEPOSIT INTO AN ACCT WHICH HE OPENED AND CONTROLLED, IN THE NAME OF MLB PROPERTIES LLC, AT CHARTER BANK. THE CHECK WAS TO HAVE BEEN USED BY BRADAKIS TO PURCHASE A CONDOMINIUM, WHICH WAS TO HAVE BEEN HELD BY A PARTNERSHIP BETWEEN BRADAKIS AND CLIENT. BRADAKIS ADMITTED TO USING SAID FUNDS TO: SATISFY MARGIN DEBT RELATIVE TO HIS PERSONAL EJ ACCT; USING $10,000 AS DOWN PAYMENT/PURCHASE OF A CONDOMINUM WITH BRADAKIS AS SOLE GRANTEE; USING $43,000 AS DOWN PAYMENT/PURCHASE OF ANOTHER CONDO WITH BRADAKIS AS SOLE GRANTEE; REMAINING FUNDS USED TO PAY MISC NEEDS RELATIVE TO SAID CONDOMINIUMS. EJ TERMINATED BRADAKIS ON 09/28/10. ON 09/19/11 THIS ORDER WAS MADE A FINAL ORDER OF THE COMMISSION DUE TO NO RESPONSE FROM BRADAKIS.

Order

Bar (Permanent)

ALL CAPACITIES

9/19/2011

BRADAKIS HAS VIOLATED THE PROVISIONS OF SECTION 8-6-3(J)(7),CODE OF ALABAMA,1975, BY ENGAGING IN DISHONEST OR UNETHICAL PRACTICES, TO WIT; BRADAKIS CONVERTED CLIENT FUNDS TO PERSONAL USE. PURSUANT TO AN INTERNAL INVESTIGATION, EDWARD JONES ESTABLISHED THAT ON 02/25/07, WHILE ACTING AS AN EDWARD JONES IAR,BRADAKIS RECEIVED AN $80,000 CHECK FROM AN EDWARD JONES CLIENT. CLIENT ISSUED A CHECK, PAYABLE TO HERSELF, FROM HER EDWARD JONES BROKERAGE ACCT, DEPOSITED SAID CHECK INTO HER PERSONAL ACCT AT FIRST AMERICAN BANK, TO FACILITATE THE ISSUANCE OF THE $80,000 CHECK TO BRADAKIS. BRADAKIS DEPOSITED SAID CHECK AS AN INITIAL DEPOSIT INTO AN ACCT WHICH HE OPENED AND CONTROLLED, IN THE NAME OF MLB PROPERTIES LLC, AT CHARTER BANK. THE CHECK WAS TO HAVE BEEN USED BY BRADAKIS TO PURCHASE A CONDOMINIUM, WHICH WAS TO HAVE BEEN HELD BY A PARTNERSHIP BETWEEN BRADAKIS AND CLIENT. BRADAKIS ADMITTED TO USING SAID FUNDS TO: SATISFY MARGIN DEBT RELATIVE TO HIS PERSONAL EJ ACCT; USING $10,000 AS DOWN PAYMENT/PURCHASE OF A CONDOMINUM WITH BRADAKIS AS SOLE GRANTEE; USING $43,000 AS DOWN PAYMENT/PURCHASE OF ANOTHER CONDO WITH BRADAKIS AS SOLE GRANTEE; REMAINING FUNDS USED TO PAY MISC NEEDS RELATIVE TO SAID CONDOMINIUMS. EJ TERMINATED BRADAKIS ON 09/28/10. ON 09/19/11 THIS ORDER WAS MADE A FINAL ORDER OF THE COMMISSION DUE TO NO RESPONSE FROM BRADAKIS.

MISDEMEANOR THEFT-REMOVING PROPERTY FROM THE OWNERS PREMISES, WITHOUT PERMISSION

6 MONTHS SUPERVISION FOR MISDEANOR THEFT. THE JUDGE INDICATED I COULD HAVE MY RECORD EXPUNGED WITH A SENTENCE OF SUPERVISION.

I ADMITTED I REMOVED THE PROPERTY. I HAD THE PERMISSION OF MY BOSS, BUT MY BOSS WAS NOT THE RIGHTFUL OWNER OF THE PROPERY. THOUGH MY OWN FAULT, THE PAPER WORK TO HAVE MY RECORD EXPUNGED WAS NEVER EXECUTED. HOWEVER, I BELIEVED MY RECORD HAD BEEN EXPUNGED. THIS IS WHY I ANSWERED THE QUESTION ON THE FORM U4 THE WAY I DID.