FINRA

FINRA RULES 2010, 2150(A), AND 8210 AND NASD RULES 2110 AND 2330(A) BOLEANCU CONVERTED AT LEAST $650,000 FROM AN ELDERLY, WIDOWED CUSTOMER, BY ISSUING CHECKS IN THE CUSTOMER'S NAME WITHOUT HER AUTHORIZATION AND ISSUING THOSE CHECKS TO OTHERS, INCLUDING HIS GIRLFRIEND. THE CHECKS WERE DRAWN AGAINST THE CUSTOMER'S TWO HOME EQUITY LINES OF CREDIT THAT WERE OPENED SHORTLY AFTER HE BECAME HER FINANCIAL ADVISOR. AFTER BOLEANCU CONVERTED THE FUNDS FROM THE LINES OF CREDIT, HE MADE UNAUTHORIZED PAYMENTS THROUGH THE CUSTOMER'S CHECKING ACCOUNT TO PAY INTEREST ACCRUED ON THE OUTSTANDING BALANCES. THE CUSTOMER WAS AN UNSOPHISTICATED AND INEXPERIENCED INVESTOR WHO RELIED COMPLETELY ON THE PROFESSIONAL ADVICE AND EXPERIENCE OF BOLEANCU FOR HER INVESTMENTS AND SAFEKEEPING OF HER FINANCIAL ASSETS. BOLEANCU WAS AWARE OF HER LACK OF EXPERIENCE AND SOPHISTICATION AT THE OUTSET OF THEIR RELATIONSHIP. BOLEANCU FAILED TO COMPLY WITH FINRA REQUESTS FOR DOCUMENTS AND INFORMATION.

Acceptance, Waiver & Consent(AWC)

Bar (Permanent)

All Capacities

Indefinite

3/5/2013

Restitution

$650,000.00

WITHOUT ADMITTING OR DENYING THE FINDINGS, BOLEANCU CONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS, THEREFORE HE IS BARRED FROM ASSOCIATION WITH ANY FINRA MEMBER IN ANY CAPACITY AND ORDERED TO PAY $650,000, PLUS INTEREST, IN RESTITUTION TO A CUSTOMER. IF FOR ANY REASON RESPONDENT CANNOT LOCATE THE CUSTOMER AFTER REASONABLE AND DOCUMENTED EFFORTS WITHIN SUCH PERIOD, OR SUCH ADDITIONAL PERIOD AGREED TO BY THE STAFF, RESPONDENT SHALL FORWARD ANY UNDISTRIBUTED RESTITUTION AND INTEREST TO THE APPROPRIATE ESCHEAT, UNCLAIMED PROPERTY, OR ABANDONED PROPERTY FUND FOR THE STATE IN WHICH THE CUSTOMER IS LAST KNOWN TO HAVE RESIDED. BOLEANCU SHALL SUBMIT SATISFACTORY PROOF OF PAYMENT OF RESTITUTION OR OF REASONABLE AND DOCUMENTED EFFORTS UNDERTAKEN TO EFFECT RESTITUTION TO FINRA.