FINRA

FINRA RULE 2370, NASD RULE 2110: KASIN BORROWED MONEY FROM A CUSTOMER OF HIS MEMBER FIRM WHEN THE FIRM'S WRITTEN POLICIES ALLOWED REPRESENTATIVES, IN CERTAIN LIMITED CIRCUMSTANCES, TO BORROW MONEY FROM A CUSTOMER, HOWEVER, NO LOANS WERE PERMITTED UNLESS THE REPRESENTATIVE OBTAINED PRIOR WRITTEN APPROVAL FROM THE FIRM. KASIN BORROWED THE MONEY FROM THE CUSTOMER AND DID NOT NOTIFY THE FIRM OF THE BORROWING, NOR REQUESTED ITS APPROVAL FOR THE BORROWING OR RECEIVED THE FIRM'S WRITTEN APPROVAL TO BORROW THE MONEY. KASIN CAUSED A CUSTOMER'S WITHDRAWAL REQUEST FORM TO BE SENT DIRECTLY TO THE INSURANCE COMPANY INSTEAD OF SUBMITTING IT THROUGH THE FIRM FOR PROCESSING THEREBY CIRCUMVENTED THE FIRM'S REVIEW AND SUPERVISION OF THE WITHDRAWAL AND CAUSED THE TRANSACTION TO OCCUR WITHOUT THE FIRM'S KNOWLEDGE OR INVOLVEMENT. THE WITHDRAWAL FORM DIRECTED THE INSURANCE COMPANY TO SEND A CHECK TO KASIN'S PERSONAL RESIDENTIAL ADDRESS AND KASIN RECEIVED THE CHECK FORWARDED FROM THE INSURANCE COMPANY, DEPOSITED IT INTO HIS OWNED BANK ACCOUNT, AND DID NOT NOTIFY THE FIRM OF THE TRANSACTION OR HIS INVOLVEMENT IN IT.

Acceptance, Waiver & Consent(AWC)

Bar (Permanent)

All Capacities

9/18/2009

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