FINRA

Without admitting or denying the findings, Healy consented to the sanctions and to the entry of findings that he improperly used his member firm's funds by submitting $6,139.28 in personal expenses to it for reimbursement as business expenses. The findings stated that part of Healy's work involved meeting business contacts at private clubs. These clubs charged Healy's corporate credit card for all charges incurred during this time. Healy incurred personal expenses at these clubs in the amount of $6,139.28, which were charged to his corporate credit card, in addition to business expenses. The personal expenses included charges such as $277.31 for "pool lessons" and $360 for "tennis clinics." Healy then submitted the charges from the clubs, which included both his personal and business expenses, to the firm for reimbursement as business expenses. The firm then reimbursed Healy for the personal expenses.

Acceptance, Waiver & Consent(AWC)

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

$10,000.00

Suspension

All capacities

One year

6/20/2023

6/19/2024

The terms of the AWC included a 1-year suspension from any B/D (I have not been affiliated with one in more than 2 years) and a $10k fine, only payable if I become affiliated with a B/D in the future (zero if not). I will upload the AWC.

HIGHTOWER SECURITIES, LLC

Discharged

On 5/18/2021, the Firm received an anonymous complaint (dated 5/10/2021) that alleged that during the years2018-2019, Colin Healy had used his company credit card for personal expenses. This led to a for cause termination for conversion of company funds to his personal benefit.

CUSTOMER ALLEGES THAT AN ORDER TO SELL WAS NOT EXECUTED IN A TIMELY FASHION, LEADING TO LOSSES

$24,606.34

$12,303.17

CUSTOMER ALLEGES, INTER ALIA, LACK OF ATTENTION OVER HIS ACCOUNTS IN 2006. DAMAGES UNSPECIFIED, BUT BELIEVED TO BE OVER $5,000.

MR. HEALY STRONGLY DENIES ANY ALLEGATIONS OF WRONGDOING AND SPECIFICALLY DENIES ANY LACK OF ATTENTIVENESS. IN 2006, THE CUSTOMER IGNORED SEVERAL TELEPHONE CALLS FROM MR. HEALY, INCLUDING INVITATIONS TO MEET TO DISCUSS HIS ACCOUNTS.