NEVADA

BARRED BY FINRA FROM ASSOCIATION WITH ANY FINRA MEMBER IN ANY CAPACITY

Order

Revocation

FINRA

NASD RULE 2110 - ANDREW QUINN ENGAGED IN A COURSE OF CONDUCT THAT WAS DECEPTIVE AND EXPOSED HIS MEMBER FIRM TO RISK BY FAILING TO REQUEST AND OBTAIN APPROVAL FROM AN AUTHORIZED PRINCIPAL OF THE FIRM TO SEND LETTERS ALTHOUGH HE KNEW THAT FIRM APPROVAL WAS REQUIRED; KNOWINGLY EXCEEDED HIS AUTHORITY AS AN AGENT OF HIS FIRM BY COMMITTING THE FIRM TO ENSURING THAT ANY FUNDS DEPOSITED IN A SECURITIES ACCOUNT WOULD REMAIN UNENCUMBERED AND RECEIVE A SPECIFIC RATE OF RETURN; REPRESENTING THAT HIS FIRM COULD GUARANTEE THE RETURN OF FUNDS DEPOSITED IN A SECURITIES ACCOUNT FREE OF ENCUMBRANCE AND RATE OF RETURN WHEN HE KNEW OR SHOULD HAVE KNOWN THAT THE REPRESENTATIONS WERE UNWARRANTED AND MISLEADING; ENDORSING A CUSTOMER'S CHARACTER AND REPUTATION AND HIS COMPANY'S RESOURCES AND CAPABILITIES WITHOUT A REASONABLE BASIS; AND RECKLESSLY DISTRIBUTING COMMUNICATIONS PURPORTING TO OBLIGATE HIS FIRM TO HONOR GUARANTEES, THUS EXPOSING THE FIRM TO POTENTIAL LIABILITY.

Decision

Bar

AMENDED EXTENDED HEARING PANEL DECISION RENDERED MARCH 19, 2009 WHEREIN QUINN IS BARRED FROM ASSOCIATION WITH ANY FINRA MEMBER IN ANY CAPACITY. DECISION BECAME FINAL MAY 6, 2009.

I MAINTAIN THAT THE LETTERS IN QUESTION WERE APPROVED PRIOR TO DISTRIBUTION.