FINRA

Without admitting or denying the findings, Shockey consented to the sanctions and to the entry of findings that he participated in private securities transactions without providing written notice to his member firm prior to participating in the transactions. The findings stated that Shockey facilitated sales of shares of a company to individuals by selling them shares he owned or by referring clients directly to the company to purchase shares. Shockey participated in private securities transactions with individuals, some of whom were firm customers, who purchased shares of the company for approximately $633,750. The findings also stated that Shockey participated in the sale of unregistered securities in contravention of Section 5 of the Securities Act of 1933. At the time of the transactions, the shares of the company were not registered and no exemption from registration applied.

Acceptance, Waiver & Consent(AWC)

Civil and Administrative Penalty(ies)/Fine(s)

$15,000.00

Disgorgement

$70,070.00

Suspension

any capacity

one year

4/4/2016

4/3/2017

interest on the disgorgement

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

Voluntary Resignation

ALLEGATIONS THAT THE REGISTERED REPRESENTATIVE ENGAGED IN CONDUCT INCLUDING REFERRING OR FACILITATING THE SALE OF INVESTMENTS AWAY FROM THE FIRM, AND ENGAGED IN UNAPPROVED OUTSIDE BUSINESS ACTIVITIES.