FINRA

Without admitting or denying the findings, Nalesnik consented to the sanction and to the entry of findings that he refused to provide on-the-record testimony requested by FINRA. The findings stated that Nalesnik's member firm filed a Form U5 terminating his employment and indicating that he had violated firm policy regarding outside business activities and failed to timely and completely respond to its inquires.

Acceptance, Waiver & Consent(AWC)

Bar (Permanent)

All Capacities

Indefinite

5/17/2019

LPL Financial LLC

Discharged

Violation of Firm policy regarding outside business activities and failure to timely and completely respond to Firm inquiries.

$4,573.00

Tax

$7,847.61

Tax

ACTION IN CONNECTION WITH LOSSES STEMMING FROM PURCHASES OF A NATIONAL MUNICIPAL FUND IN JULY THROUGH SEPTEMBER 2007.

$303,000.00

$50,000.00

ACTION IN CONNECTION WITH LOSSES STEMMING FROM A PURCHASE OF A NATIONAL MUNICIPAL FUND IN JULY 2007.

$250,000.00

$65,000.00

THEFT BY DECEP-FALSE IMPRESSION

WITHDRAWN

DURING THE DIVORCE PROCESS, A CHECK FOR ABOUT $50 WAS WRITTEN ON A JOINT ACCOUNT HELD WITH MY WIFE AT THE TIME. I DID NOT BECOME AWARE THAT THERE WERE INSUFFICIENT FUNDS TO COVER THE CHECK UNTIL I WAS NOTIFIED BY THE AUTHORITIES. A FINE WAS PAID AND THE CHARGES WITHDRAWN.

CLIENT ALLEGES THAT FUNDS INVESTED IN JULY 2007 WERE NOT ALLOCATED TO THE MUTUAL FUNDS THAT HE DIRECTED, CAUSING LOSSES.

$180,000.00

CLIENT'S ALLEGE THAT THEY WERE NEVER ADVISED THAT THE MUTUAL FUND SHARES THEY PURCHASED IN MARCH 2008 COULD LOSE PRINCIPAL.

$11,770.51

CLIENT ALLEGES THAT A SHARE CONTIGENT DEFERRED SALES CHARGE WAS NOT DISCLOSED ON MUTUAL FUND PURCHASED IN JULY 2007. HE FURTHER ALLEGES THAT HIS INSTRUCTIONS TO LIQUID THIS FUND WERE NOT FOLLOWED IN DECEMBER 2007.

$29,777.81