BrokerCheck Report SELKIRK INVESTMENTS, INC. Section Title Report Summary Firm History CRD# 13854 1 6 Firm Profile 2 - 5 Page(s) Firm Operations 7 - 12 Disclosure Events 13 Please be aware that fraudsters may link to BrokerCheck from phishing and similar scam websites, trying to steal your personal information or your money. Make sure you know who you’re dealing with when investing, and contact FINRA with any concerns. For more information read our investor alert on imposters. i
Transcript
BrokerCheck Report
SELKIRK INVESTMENTS, INC.
Section Title
Report Summary
Firm History
CRD# 13854
1
6
Firm Profile 2 - 5
Page(s)
Firm Operations 7 - 12
Disclosure Events 13
Please be aware that fraudsters may link to BrokerCheck from phishing and similar scam websites, trying to steal your personal information or your money.Make sure you know who you’re dealing with when investing, and contact FINRA with any concerns.
For more information read our investor alert on imposters.
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421 W RIVERSIDESUITE 1020 BSPOKANE, WA 99201-0409Regulated by FINRA Denver Office
Mailing Address
421 W RIVERSIDESUITE 1020 BSPOKANE, WA 99201-0409
Business Telephone Number
509-777-2900
Report Summary for this Firm
This report summary provides an overview of the brokerage firm. Additional information for this firm can be foundin the detailed report.
Disclosure Events
Brokerage firms are required to disclose certaincriminal matters, regulatory actions, civil judicialproceedings and financial matters in which the firm orone of its control affiliates has been involved.
Are there events disclosed about this firm? Yes
The following types of disclosures have beenreported:
Type Count
Regulatory Event 7
Arbitration 1
Firm Profile
This firm is classified as a corporation.
This firm was formed in Washington on 06/29/1979.
Its fiscal year ends in June.
Firm History
Information relating to the brokerage firm's historysuch as other business names and successions(e.g., mergers, acquisitions) can be found in thedetailed report.
Firm Operations
Is this brokerage firm currently suspended with anyregulator? No
This firm conducts 8 types of businesses.
This firm is not affiliated with any financial orinvestment institutions.
This firm has referral or financial arrangements withother brokers or dealers.
This firm is registered with:
• the SEC• 1 Self-Regulatory Organization• 20 U.S. states and territories
This section provides the brokerage firm's full legal name, "Doing Business As" name, business and mailingaddresses, telephone number, and any alternate name by which the firm conducts business and where such name isused.
RegistrationsThis section provides information about the regulators (Securities and Exchange Commission (SEC), self-regulatoryorganizations (SROs), and U.S. states and territories) with which the brokerage firm is currently registered andlicensed, the date the license became effective, and certain information about the firm's SEC registration.
This firm is currently registered with the SEC, 1 SRO and 20 U.S. states and territories.
SEC Registration Questions
This firm is registered with the SEC as:
A broker-dealer:
A broker-dealer and government securities broker or dealer:
A government securities broker or dealer only:
This firm has ceased activity as a government securities broker or dealer:
Yes
No
No
No
Federal Regulator Status Date Effective
SEC Approved 09/10/1979
Self-Regulatory Organization Status Date Effective
Types of BusinessThis section provides the types of business, including non-securities business, the brokerage firm is engaged in orexpects to be engaged in.
This firm currently conducts 8 types of businesses.
Types of Business
Broker or dealer retailing corporate equity securities over-the-counter
Broker or dealer selling corporate debt securities
Mutual fund retailer
Municipal securities broker
Broker or dealer selling variable life insurance or annuities
Solicitor of time deposits in a financial institution
Non-exchange member arranging for transactions in listed securities by exchange member
Organization AffiliatesThis section provides information on control relationships the firm has with other firms in the securities, investmentadvisory, or banking business.
This firm is not, directly or indirectly:
· in control of· controlled by· or under common control withthe following partnerships, corporations, or other organizations engaged in the securities or investmentadvisory business.
This firm is not directly or indirectly, controlled by the following:
· bank holding company· national bank· state member bank of the Federal Reserve System· state non-member bank· savings bank or association· credit union· or foreign bank
All firms registered to sell securities or provide investment advice are required to disclose regulatory actions, criminal orcivil judicial proceedings, and certain financial matters in which the firm or one of its control affiliates has been involved.For your convenience, below is a matrix of the number and status of disclosure events involving this brokerage firm orone of its control affiliates. Further information regarding these events can be found in the subsequent pages of thisreport.
What you should know about reported disclosure events:
1. BrokerCheck provides details for any disclosure event that was reported in CRD. It also includessummary information regarding FINRA arbitration awards in cases where the brokerage firm wasnamed as a respondent.
2. Certain thresholds must be met before an event is reported to CRD, for example: o A law enforcement agency must file formal charges before a brokerage firm is required to disclose a
particular criminal event.3. Disclosure events in BrokerCheck reports come from different sources:
o Disclosure events for this brokerage firm were reported by the firm and/or regulators. When the firmand a regulator report information for the same event, both versions of the event will appear in theBrokerCheck report. The different versions will be separated by a solid line with the reporting sourcelabeled.
4. There are different statuses and dispositions for disclosure events: o A disclosure event may have a status of pending, on appeal, or final.
§ A "pending" event involves allegations that have not been proven or formally adjudicated.§ An event that is "on appeal" involves allegations that have been adjudicated but are currently
being appealed.§ A "final" event has been concluded and its resolution is not subject to change.
o A final event generally has a disposition of adjudicated, settled or otherwise resolved.§ An "adjudicated" matter includes a disposition by (1) a court of law in a criminal or civil matter,
or (2) an administrative panel in an action brought by a regulator that is contested by the partycharged with some alleged wrongdoing.
§ A "settled" matter generally involves an agreement by the parties to resolve the matter.Please note that firms may choose to settle customer disputes or regulatory matters forbusiness or other reasons.
§ A "resolved" matter usually involves no payment to the customer and no finding ofwrongdoing on the part of the individual broker. Such matters generally involve customerdisputes.
5. You may wish to contact the brokerage firm to obtain further information regarding any of thedisclosure events contained in this BrokerCheck report.
Regulatory - Final
This type of disclosure event involves (1) a final, formal proceeding initiated by a regulatory authority (e.g., a statesecurities agency, self-regulatory organization, federal regulator such as the U.S. Securities and Exchange Commission,foreign financial regulatory body) for a violation of investment-related rules or regulations; or (2) a revocation orsuspension of the authority of a brokerage firm or its control affiliate to act as an attorney, accountant or federalcontractor.
Disclosure 1 of 7
Reporting Source: Regulator
Allegations: WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTEDTO THE SANCTIONS AND TO THE ENTRY OF FINDINGS THAT INCORPORATE BOND TRANSACTIONS FOR OR WITH A CUSTOMER, IT FAILEDTO USE REASONABLE DILIGENCE TO ASCERTAIN THE BEST INTER-DEALERMARKET AND FAILED TO BUY OR SELL IN SUCH MARKET SO THAT THERESULTANT PRICE TO ITS CUSTOMER WAS AS FAVORABLE AS POSSIBLEUNDER PREVAILING MARKET CONDITIONS. THE FINDINGS STATED THATTHE FIRM SOLD CORPORATE BONDS TO CUSTOMERS AND FAILED TOSELL SUCH BONDS AT A PRICE THAT WAS FAIR, TAKING INTOCONSIDERATION ALL RELEVANT CIRCUMSTANCES, INCLUDING MARKETCONDITIONS WITH RESPECT TO EACH BOND AT THE TIME OF THETRANSACTION, THE EXPENSE INVOLVED AND THAT THE FIRM WASENTITLED TO A PROFIT. THE FINDINGS ALSO STATED THAT THE FIRM'SSUPERVISORY SYSTEM, INCLUDING ITS WRITTEN SUPERVISORYPROCEDURES, WAS NOT REASONABLY DESIGNED TO ACHIEVECOMPLIANCE WITH BEST EXECUTION AND FAIR PRICING REQUIREMENTS.
Allegations: WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTEDTO THE SANCTIONS AND TO THE ENTRY OF FINDINGS THAT INCORPORATE BOND TRANSACTIONS FOR OR WITH A CUSTOMER, IT FAILEDTO USE REASONABLE DILIGENCE TO ASCERTAIN THE BEST INTER-DEALERMARKET AND FAILED TO BUY OR SELL IN SUCH MARKET SO THAT THERESULTANT PRICE TO ITS CUSTOMER WAS AS FAVORABLE AS POSSIBLEUNDER PREVAILING MARKET CONDITIONS. THE FINDINGS STATED THATTHE FIRM SOLD CORPORATE BONDS TO CUSTOMERS AND FAILED TOSELL SUCH BONDS AT A PRICE THAT WAS FAIR, TAKING INTOCONSIDERATION ALL RELEVANT CIRCUMSTANCES, INCLUDING MARKETCONDITIONS WITH RESPECT TO EACH BOND AT THE TIME OF THETRANSACTION, THE EXPENSE INVOLVED AND THAT THE FIRM WASENTITLED TO A PROFIT. THE FINDINGS ALSO STATED THAT THE FIRM'SSUPERVISORY SYSTEM, INCLUDING ITS WRITTEN SUPERVISORYPROCEDURES, WAS NOT REASONABLY DESIGNED TO ACHIEVECOMPLIANCE WITH BEST EXECUTION AND FAIR PRICING REQUIREMENTS.
Resolution Date: 03/06/2018
Resolution:
Other Sanctions Ordered: UNDERTAKING; AND INTEREST ON THE RESTITUTION
Sanction Details: THE FIRM WAS CENSURED, FINED A TOTAL OF $30,500, ORDERED TO PAY ATOTAL OF $16,258.08, PLUS INTEREST, IN RESTITUTION TO AFFECTEDCUSTOMERS, AND REQUIRED TO REVISE ITS WRITTEN SUPERVISORYPROCEDURES (WSPS).
A LOWER FINE WAS IMPOSED AFTER CONSIDERING, AMONG OTHERTHINGS, THE FIRM'S REVENUE AND FINANCIAL RESOURCES. 3/18/2020FINE PAID IN FULL.
Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?
Sanction Details: THE FIRM WAS CENSURED, FINED A TOTAL OF $30,500, ORDERED TO PAY ATOTAL OF $16,258.08, PLUS INTEREST, IN RESTITUTION TO AFFECTEDCUSTOMERS, AND REQUIRED TO REVISE ITS WRITTEN SUPERVISORYPROCEDURES (WSPS).
A LOWER FINE WAS IMPOSED AFTER CONSIDERING, AMONG OTHERTHINGS, THE FIRM'S REVENUE AND FINANCIAL RESOURCES. 3/18/2020FINE PAID IN FULL.
iReporting Source: Firm
Initiated By: FINRA
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 03/06/2018
Docket/Case Number: 20150456244-01
Principal Product Type: Debt - Corporate
Other Product Type(s):
Allegations: WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTEDTO THE SANCTIONS AND TO THE ENTRY OF FINDINGS THAT INCORPORATED BOND TRANSACTIONS FOR OR WITH A CUSTOMER, ITFAILED TO USE RESONALBE DILIGENCE TO ASCERTAIN THE BEST INTER-DEALER MARKET AND UNDER CERTAIN INSTANCES FAILED TO BUY ORSELL IN SUCH MARKET SO THAT THE RESULTANT PRICE TO ITSCUSTOMER WAS AS FAVORABLE AS POSSIBLE UNDER PREVAILINGMARKET CONDITIONS. THE FINDINGS STATED THAT IN TRANSACTIONSTHE FIRM SOLD CORPORATE BONDS TO CUSTOMERS AND FAILED TOSEEL SUCH BONDS AT A PRICE THAT WAS FAIR, TAKING INTOCONSIDERATION ALL RELEVANT CIRCUMSTANCES, INCLUDING MARKETCONDITIONS WITH RESPECT TO EACH BOND AT THE TIME OF THETRANSACTION, THE EXPENSE INVOLVED AND THAT THE FIRM WASENTITLED TO PROFIT. THE FINDINGS ALSO STATED THAT THE FIRM'SSUPERVISORY SYSTEM, INCLUDING ITS WRITTEN SUPERVIOSRYPROCEDURES, WAS NOT REASONABLY DESIGNED TO ACHIEVECOMPIANCE WITH BEST EXECUTION AND FAIR PRICING REQUIREMENTS.
Other Sanctions Ordered: UNDERTAINING; AND INTEREST ON THE RESTITUTION
Sanction Details: THE FIRM WAS CENSURED, FINED A TOTAL OF $30,500, ORDERED TO PAY ATOTAL OF $16,258.08, PLUS INTEREST, IN RESTITUTION TO AFFECTEDCUSTOMERS, AND REQUIRED TO REVISE ITS WRITTEN SUPERVISORYPROCEEDURES (WSPS). A LOWER FINE WAS IMPOSED AFTERCONSIDERING, AMOUNG OTHER THINGS, THE FIRM'S REVENUE ANDFINANCIAL RESOURCES.
Allegations: NASD RULES 2110, 2310 AND 3010 - RESPONDENT MEMBER, ACTINGTHROUGH INDIVIDUALS, FAILED TO ESTABLISH MAINTAIN AND ENFORCEWRITTEN SUPERVISORY PROCEDURES REASONABLY DESIGNED TOENSURE THAT THE FIRM'S REGISTERED REPRESENTATIVE REFRAINEDFROM ENGAGING IN RECOMMENDATIONS TO CUSTOMERS THATRESULTED IN UNSUITABLE OVER-CONCENTRATIONS OF SECURITIES INCUSTOMER ACCOUNTS.
Current Status: Final
Resolution Date: 11/23/1999
Resolution:
Other Sanctions Ordered:
Sanction Details: RESPONDENT MEMBER IS CENSURED AND FINED $15,000.
Sanction Details: RESPONDENT MEMBER IS CENSURED AND FINED $15,000.
iReporting Source: Firm
Initiated By: NASD REGULATION INC
Principal Sanction(s)/ReliefSought:
Censure
Other Sanction(s)/ReliefSought:
Date Initiated: 04/21/1997
Docket/Case Number: C3B990033
Principal Product Type: Other
Other Product Type(s):
Allegations: FROM FEB 1993 THROUGH MAY 1995, EMPIRE SECURITIES ACTINGTHROUGH RESPONDENT DAVID A TAISEY, FAILED TO ESTABLISH, MAINTAIN& ENFORCE WRITTEN SUPERVISORY PROCEDURES TO ENSURE THEFIRMS RR'S REFRAINED FROM ENGAGING IN RECOMMENDATIONS TOCUSTOMERS THAT RESULTED IN UNSUITABLE OVER-CONCENTRATIONSOF SECURITIES IN CUSTOMERS ACCOUNTS.
Current Status: Final
Resolution Date: 11/17/1999
Resolution:
Other Sanctions Ordered:
Sanction Details: IMPOSED FINE OF $15000.00. IN PROCESS OF PAYMENT ARRANGEMENT.ROBERT CLARK WAS CENSURED
EMPIRE SECURITIES SOLD SECURITIES TO NEWMEXICO RESIDENTS IN 1989 WITHOUT BEING A LICENSED BROKERDEALERIN NEW MEXICO.
Resolution Date: 04/10/1995
Resolution:
Other Sanctions Ordered:
Sanction Details: ON APRIL 10, 1995, THE NM SECURITIES DIVISIONISSUED A FINAL ORDER PURSUANT TO A CONSENT AGREEMENTRESULTINGIN CENSURE OF EMPIRE - A PAYMENT BY EMPIRE OF COSTS OFINVESTIGATIONS IN THE AMOUNT OF $695.10. EMPIRE ALSO AGREED TONOTIFY THE NEW MEXICO INVESTORS OF THEIR RIGHT OF RESCISSION.
Regulator Statement CONTACT: ROMAN GARCIA (505)827-7140
Sanction Details: AGEED TO OFFER TO RESCIND CUSTOMER PURCHASE & PAY COSTS OFINVESTIGATION.
Firm Statement AGREED TO OFFER TO RESCIND CUSTOMER PURCHASE & PAY COSTS OFINVESTIGATION.
Sanctions Ordered: Censure
Consent
Disclosure 4 of 7
i
Reporting Source: Regulator
Initiated By: DFI OF WASHINGTON
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 06/17/1998
Docket/Case Number: 98-03-84
URL for Regulatory Action:
Principal Product Type:
Other Product Type(s):
Allegations: It is ordered that Empire Securities Inc. ofWashington, Empire RTC Investment Group #2, RTC #3 InvestmentGroup LLC, Northwest Capital and Advisory Services Inc., ESIFinancial Limited Partnership, Brain Westmoreland, DavidTaisey, and Robert Clark cease and desist from offering and/orselling unregistered securities in violation of RCW 21.20.140and from violation of RCW 21.20.010 (the anti-fraud section) ofSecurities Act of Washington. The respondents securitiesregistrations along with their broker-dealer registrations havebeen suspended. The respondents have the right to a hearing.
Sanction Details: The respondents each agree to cease and desistfrom violtion RCW 21.20.140. Each respondent agrees to theterms of their Consent Orderin resolution of SDO-41-98. Therespondents neither admit nor deny the Securities Division'sallegations and conclusions. Each of the respondents enteredinto a Consent Order and the original was vacated.
Regulator Statement Sale of unregistered securities CONTACT: REXSTAPLES (360) 902-8760
Sanctions Ordered: Cease and Desist/Injunction
Consent
iReporting Source: Firm
Initiated By: STATE OF WASHINGTON
Principal Sanction(s)/ReliefSought:
Cease and Desist
Other Sanction(s)/ReliefSought:
Date Initiated: 06/17/1998
Docket/Case Number: 97-04-0204
Principal Product Type: Other
Other Product Type(s):
Allegations: ALLEGED VIOLATIONS OF THE SECURITIES ACT OF WASHINGTON,MISREPRESENTATION & OMISSIONS OF MATERIAL FACT IN THE OFFER &SALE OF CERTAIN OFFERINGS, FAILURE TO DELIVER PROSPECTUS &QUESTIONS OF SUITABILITY.
Current Status: Final
Resolution Date: 07/01/1998
Resolution:
Sanctions Ordered: SuspensionCease and Desist/Injunction
Sanction Details: ORDERED TO APPOINT NEW PRESIDENT & VICE PRESIDENT, USE OUTSIDECONSULTANT TO PROVIDE ASSISTANCE IN WRITING NEW SUPERVISORYPROCEDURES & APPROVAL FROM STATE NEEDED FOR COMPLIANCESTAFF. DAVID TAISEY AGREED UPON WITHOUT ADMITTING OR DENYINGTHE ALLEGATIONS. MR. TAISEY WAS ORDERED TO CEASE AND DESISTFROM SALES OF UNREGISTERED SECURITIES IN VIOLATION RCW21.20.140 AND RCW 21.20.702 WITH SUITABILTY OF RECOMMEDATIONS TOCUSTOMERS AND VIOLATION OF RCW 21.20.010. IT WAS ALSO ORDEREDTHAT MR. TAISEY'S LICENSE BE SUSPENDED FOR 10 DAYS AND HE WASFINED $5000.00
Firm Statement AGREED & ORDERED THAT EMPIRE NOT UNDERWRITE ANY OFFERINGSOF AFFILIATED ENTITIES FOR 10 YRS, EMPIRE NOT PARTICIPATE INUNDERWRITINGS OF NONAFFILIATED ENTITIES EXCEPT MUNI FINANCEISSUES, EXCEPT UPON WRITTEN APPLICATION TO THE STATE & RECEIPTOF WRITTEN CONSENT. ALSO AGEED TO PAY CONST OF INVESTIGATION.
Sanctions Ordered: SuspensionCease and Desist/Injunction
Disclosure 5 of 7
i
Reporting Source: Regulator
Allegations: ON SEPTEMBER 1, 1998, DISTRICT NO. 3 NOTIFIED RESPONDENT EMPIRESECURITIES OF WASHINGTON, INC. THAT THE LETTER OF ACCEPTANCE,WAIVER AND CONSENT NO. C3B980012 WAS ACCEPTED; THEREFORE,RESPONDENT MEMBER IS CENSURED AND FINED $12,000 - (NASD RULES2110, 3010, 3110 AND MARKETPLACE RULES 6130(D)(7), 4632, 4642,6420 AND 6620 - RESPONDENT MEMBER FAILED TO ESTABLISH,MAINTAIN, AND ENFORCE WRITTEN SUPERVISORY PROCEDURESREASONABLYDESIGNED TO ACHIEVE COMPLIANCE WITH THE APPLICABLE SECURITIESLAWS AND REGULATIONS REGARDING TRADE REPORTING AND RECORDKEEPING; FAILED TO RECORD ON MEMORANDA OF RETAIL ANDWHOLESALEBROKERAGE ORDERS THE CORRECT TIME OF EXECUTION AND RECEIPT,INVIOLATION OF SEC RULE 17A-3; FAILED TO REPORT TO THE ACTSERVICE THE CORRECT CAPACITY OF AGENCY TRANSACTIONS; FAILEDTODESIGNATED AS BUNCHED TO ACT A NASDAQ NMS TRANSACTION ANDFAILED TO DESIGNATE AS LATE TO ACT NASDAQ NMS TRANSACTIONS;FAILED TO DESIGNATE AS BUNCHED TO ACT A NASDAQ SMALL CAPSECURITY TRANSACTION AND REPORTED AN INACCURATE PRICE TO ACTOFA NASDAQ SMALL CAP SECURITY TRANSACTION; IMPROPERLYAGGREGATEDLISTED SECURITY TRANSACTIONS INTO TRANSACTION REPORTS TO ACTAND FAILED TO DESIGNATE AS LATE TO ACT TRANSACTIONS IN LISTEDSECURITIES; IMPROPERLY AGGREGATED OTC SECURITIES IN ATRANSACTION REPORT TO ACT AND FAILED TO DESIGNATE AS LATE TOACT OTC TRANSACTIONS; AND, REPORTED AN INACCURATE PRICE TO ACTOF AN OTC EQUITY SECURITIES TRANSACTION, IMPROPERLYAGGREGATEDOTC EQUITY SECURITIES TRANSACTIONS INTO A TRANSACTION REPORTTOACT, AND FAILED TO DESGINATE AS LATE TO ACT OTC EQUITYSECURITIES TRANSACTIONS).
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 09/01/1998
Docket/Case Number: C3B980012
Principal Product Type: Other
Other Product Type(s):
ON SEPTEMBER 1, 1998, DISTRICT NO. 3 NOTIFIED RESPONDENT EMPIRESECURITIES OF WASHINGTON, INC. THAT THE LETTER OF ACCEPTANCE,WAIVER AND CONSENT NO. C3B980012 WAS ACCEPTED; THEREFORE,RESPONDENT MEMBER IS CENSURED AND FINED $12,000 - (NASD RULES2110, 3010, 3110 AND MARKETPLACE RULES 6130(D)(7), 4632, 4642,6420 AND 6620 - RESPONDENT MEMBER FAILED TO ESTABLISH,MAINTAIN, AND ENFORCE WRITTEN SUPERVISORY PROCEDURESREASONABLYDESIGNED TO ACHIEVE COMPLIANCE WITH THE APPLICABLE SECURITIESLAWS AND REGULATIONS REGARDING TRADE REPORTING AND RECORDKEEPING; FAILED TO RECORD ON MEMORANDA OF RETAIL ANDWHOLESALEBROKERAGE ORDERS THE CORRECT TIME OF EXECUTION AND RECEIPT,INVIOLATION OF SEC RULE 17A-3; FAILED TO REPORT TO THE ACTSERVICE THE CORRECT CAPACITY OF AGENCY TRANSACTIONS; FAILEDTODESIGNATED AS BUNCHED TO ACT A NASDAQ NMS TRANSACTION ANDFAILED TO DESIGNATE AS LATE TO ACT NASDAQ NMS TRANSACTIONS;FAILED TO DESIGNATE AS BUNCHED TO ACT A NASDAQ SMALL CAPSECURITY TRANSACTION AND REPORTED AN INACCURATE PRICE TO ACTOFA NASDAQ SMALL CAP SECURITY TRANSACTION; IMPROPERLYAGGREGATEDLISTED SECURITY TRANSACTIONS INTO TRANSACTION REPORTS TO ACTAND FAILED TO DESIGNATE AS LATE TO ACT TRANSACTIONS IN LISTEDSECURITIES; IMPROPERLY AGGREGATED OTC SECURITIES IN ATRANSACTION REPORT TO ACT AND FAILED TO DESIGNATE AS LATE TOACT OTC TRANSACTIONS; AND, REPORTED AN INACCURATE PRICE TO ACTOF AN OTC EQUITY SECURITIES TRANSACTION, IMPROPERLYAGGREGATEDOTC EQUITY SECURITIES TRANSACTIONS INTO A TRANSACTION REPORTTOACT, AND FAILED TO DESGINATE AS LATE TO ACT OTC EQUITYSECURITIES TRANSACTIONS).
Resolution Date: 09/01/1998
Resolution:
Other Sanctions Ordered:
Sanction Details: CENSURED AND FINED $12,000
Regulator Statement 05-22-00, $12,000 PAID IN FULL ON 1/05/00, INVOICE #98-3B-719
LETTER OF ACCEPTANCE, WAIVER AND CONSENT FILED JULY 16, 1991AGAINST RESPONDENT MEMBER EMPIRE SECURITIES INC. OFWASHINGTON,AND RESPONDENTS RANDALL JAMES MCNEICE AND GARY H.GOTTESMAN,WHICH ALLEGE VIOLATIONS OF ARTICLE III SECTION 1 AND SECTION15(c) OF THE EXCHANGE ACT AND RULE 15 c 2-11 THEREUNDER. THECORRECT SANCTIONS ARE A CENSURED OF EACH RESPONDENT AND AFINEOF $2000 FOR EACH RESPODENT.
THE LETTER OF ACCEPTANCE, WAIVER AND CONSENT WAS ACCEPTED BYTHE MARKET SURVEILLANCE COMMITTEE AND BY THE NATIONALBUSINESSCONDUCT COMMITTEE . **$2000.00 FINE. ***$2,000.00 PAID ON 8/13/91 INVOICE #91-MS-897***
Sanctions Ordered: CensureMonetary/Fine $2,000.00
Consent
iReporting Source: Firm
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS
Principal Sanction(s)/ReliefSought:
Censure
Date Initiated: 04/11/1991
Docket/Case Number: MS-1035 AWC
Principal Product Type: Equity - OTC
Other Product Type(s):
Allegations: ACCEPTANCE OF FEES BY TWO PRINCIPALS TO RELIST TWO SECSUSPENDED COMPANIES AS A MARKET MAKER, TO MAKE A MARKET IN ATHIRD COMPANY, & FAILURE TO DO SUFFICIENT DUE DILIGENCE PRIOR TORELISTING ONE OF THE COMPANIES. THE FEES CONSISTED OF THREEPAYMENTS OF $1200.00 EACH.
Regulator Statement 3/30/89: FORM U6 (8085-5589) DISCLOSES: EMPIRE SECURITIESINCORPORATED OF WASHINGTON ADMITTED TO INADVERTENT OFFERSANDSALES OF SECURITIES TO IDAHO RESIDENTS BY AGENTS NOTREGISTEREDIN THIS STATE. AGREEMENT AND ORDER SIGNED CALLING FOR ADEQUATESUPERVISION TO PREVENT FUTURE VIOALTIONS AND $1,000 FINE PAID.DOCKET/CASE #1989-7-22, DATED FEBRUARY 2, 1989
Regulator Statement 3/30/89: FORM U6 (8085-5589) DISCLOSES: EMPIRE SECURITIESINCORPORATED OF WASHINGTON ADMITTED TO INADVERTENT OFFERSANDSALES OF SECURITIES TO IDAHO RESIDENTS BY AGENTS NOTREGISTEREDIN THIS STATE. AGREEMENT AND ORDER SIGNED CALLING FOR ADEQUATESUPERVISION TO PREVENT FUTURE VIOALTIONS AND $1,000 FINE PAID.DOCKET/CASE #1989-7-22, DATED FEBRUARY 2, 1989
iReporting Source: Firm
Initiated By: STATE OF IDAHO
Principal Sanction(s)/ReliefSought:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanction(s)/ReliefSought:
Date Initiated: 01/01/1989
Docket/Case Number: 1989-7-22
Principal Product Type: No Product
Other Product Type(s):
Allegations: SIX UNREGISTERED REPRESENTATIVES TRANSACTED BUSINESS IN THESTATE OF IDAHO DUE TO THE LACK OF PROPER SUPERVISION THROUGHAND INADEQUATE OFFICER FUNCTION.
Current Status: Final
Resolution Date: 01/01/1989
Resolution:
Other Sanctions Ordered:
Sanction Details: NONE
Firm Statement IDAHO FINED EMPIRE $1000.00 FOR BUSINESS TRANSACTED BEFOREREGISTERED REPRESENTATIVES WERE LICENSED IN THE STATE.
Brokerage firms are not required to report arbitration claims filed against them by customers; however, BrokerCheckprovides summary information regarding FINRA arbitration awards involving securities and commodities disputesbetween public customers and registered securities firms in this section of the report. The full text of arbitration awards issued by FINRA is available at www.finra.org/awardsonline.
Disclosure 1 of 1
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
05/10/1995
95-01958
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSION OF FACTS;ACCOUNT RELATED-FAILURE TO SUPERVISE
CORPORATE BONDS; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$10,000.00
AWARD AGAINST PARTY
11/02/1995
$10,150.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
