FINRA

Morim was named a respondent in a FINRA complaint alleging that he failed to timely respond to FINRA requests for information and documents in connection with its investigation into his potential conversion of customer assets and undisclosed outside business activities. The complaint alleges that in furtherance of the investigation, FINRA requested that Morim provide additional documents and information and to date, he has failed to comply with these requests.

Decision

Bar (Permanent)

All Capacities

Indefinite

2/23/2018

Default decision rendered January 26, 2018. The sanction was based on the findings that Morim failed to produce information and documents requested by FINRA during the course of an investigation into his potential conversion of customer assets and undisclosed outside business activities while he was associated with his member firm. The decision became final February 23, 2018.

FINRA

Respondent Morim failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

Letter

Suspension

All capacities

Indefinite

Continues until required payment is made or discharged.

8/17/2017

Pursuant to Article VI, Section 3 of FINRA By-Laws, and FINRA Rule 9554, Respondent Morim is suspended on August 17, 2017 for failure to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

FINRA

Respondent Morim failed to respond to FINRA request for information.

Letter

Suspension

Any capacity

N/A

10/20/2016

12/1/2016

Pursuant to FINRA Rule 9552 and in accordance with FINRA's Notice of Suspension letter dated September 26, 2016, Morim is suspended on October 20, 2016 from associating with any FINRA member firm in any capacity. If Morim fails to request termination of the suspension within three months of the date of the Notice of Suspension, he will automatically be barred on December 29, 2016 from association with any FINRA member in any capacity pursuant to FINRA Rule 9552(h). Suspension lifted on December 1, 2016.

CLIENT ALLEGES MISREPRESENTATION REGARDING MUTUAL FUNDS INVESTMENT. ACTIVITY DATES 04/11/2013-01/21/2014. SUBSEQUENT CORRESPONDENCE RECEIVED NO NEW ALLEGATIONS.

$15,144.00

$7,500.00