FINRA

FINRA RULES 2010, 2150, NASD RULE 3040 - JON ERIC GUAY RECEIVED A TOTAL OF APPROXIMATELY $225,000 FROM CUSTOMERS AFTER HE MADE REPRESENTATIONS, WHICH WERE FALSE, THAT HE WOULD USE THEIR FUNDS TO OPEN A FUTURES TRADING ACCOUNT OR TO INVEST IN A COMPANY WHERE THE FUNDS WOULD EARN 3 PERCENT ANNUALLY. GUAY DEPOSITED THE FUNDS INTO A BANK ACCOUNT UNDER HIS CONTROL AND MADE IMPROPER USE OF THE FUNDS, WHICH INCLUDED PAYMENT OF PERSONAL EXPENSES AND TRADING IN HIS OWN PERSONAL FUTURES ACCOUNTS. GUAY'S MISREPRESENTATIONS AND HIS IMPROPER USE AND CONVERSION OF CUSTOMERS' FUNDS CONSTITUTED A FAILURE IN THE CONDUCT OF BUSINESS TO OBSERVE HIGH STANDARDS OF COMMERCIAL HONOR AND JUST AND EQUITABLE PRINCIPLES OF TRADE. GUAY FAILED TO PROVIDE HIS MEMBER FIRM WRITTEN NOTICE PRIOR TO HIS INVOLVEMENT IN A PRIVATE SECURITIES TRANSACTION. GUAY PARTICIPATED IN A BROKERAGE CUSTOMER'S SECURITIES TRANSACTION INVOLVING A $300,000 INVESTMENT IN A MUTUAL FUND. GUAY FAILED TO PROVIDE HIS FIRM WRITTEN NOTICE ABOUT HIS PLANS TO RECOMMEND AND FACILITATE THE MUTUAL FUND PURCHASE, HIS ROLE IN DOING SO, OR ANY ANTICIPATED COMPENSATION HE EXPECTED TO RECEIVE, IF ANY.

Acceptance, Waiver & Consent(AWC)

Bar (Permanent)

All Capacities

Indefinite

6/7/2013

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