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The representative was previously registered both as an investment adviser and as a broker. Visit BrokerCheck for more information on this individual's Broker record. Go to BrokerCheck Site
THIS TEXT HAS PREVIOUSLY BEEN SUBMITTED.
NYSE HEARING PANEL DECISION 83-65, JUNE 9, 1983. MCDONALD WAS FOUND BY A NYSE HEARING PANEL TO HAVE MADE TRANSACTIONS IN A SALE OF THE SAME SECURIIES; VIOLATED REGULATION T BY PURCHASING SECURITIES IN A SPECIAL CASH ACCOUNT WHEN, DURING THE PRECEEDING 90 DAYS, HE HAD PURCHASED ANOTHER SECURITY IN THAT ACCOUNT AND SOLD THE OTHER SECURITY WITHOUT HAVING PAID THEREFORE; ENTERED PURCHASE ORDERS WHEN HE KNEW THAT HE COULD NOT PAY FOR SAID SECURITIES DURING THE ALLOTED TIME PERIOD; VIOLATED REGULATION T BY PURCHASING SECURITIES AND NOT MAKING FULL CASH PAYMENT WITHIN 7 DAYS AFTER PURCHASE; ATTEMPTED TO MAKE PAYMENT ON SEVERAL SECURITIES ON CHECKS WHICH HE KNEW WERE DRAWN ON INSUFFICIENT FUNDS AND MADE A MATERIAL MISSTATEMENT TO HIS MEMBER FIRM EMPLOYER. HE WAS CENSURED AND GIVEN A FIVE YEAR BAR IN ALL CAPACITIES FROM ASSOCIATION OR EMPLOYMENT WITH ANY B/D.
License(s)
The broker is not currently registered with any state or SRO.
A brokerage firm, also called a broker-dealer, is in the business of buying and selling securities – stocks, bonds, mutual funds, and certain other investment products – on behalf of its customer (as broker), for its own bank (dealer), or both. Individuals who work for broker-dealers - the sales personnel are commonly referred to as brokers.
IA
Investment Adviser
An investment adviser is paid for providing advice about securities to clients. In addition, some investment advisers manage investment portfolios and offer financial planning services.
Disclosures
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.