NOTE: Stipulations of Fact and Consent to Penalty (SFC); Offers of Settlement (OS); and Letters of Acceptance Waiver, and Consent (AWC) are entered into by Respondents without admitting or denying the allegations, but consent is given to the described sanctions & to the entry of findings. Additionally, for AWCs, if FINRA has reason to believe a violation has occurred and the member or associated person does not dispute the violation, FINRA may prepare and request that the member or associated person execute a letter accepting a finding of violation, consenting to the imposition of sanctions, and agreeing to waive such member's or associated person's right to a hearing before a hearing panel, and any right of appeal to the National Adjudicatory Council, the SEC, and the courts, or to otherwise challenge the validity of the letter, if the letter is accepted. The letter shall describe the act or practice engaged in or omitted, the rule, regulation, or statutory provision violated, and the sanction or sanctions to be imposed.

Mark David Webb (Principal)
OS/2007009408801

Webb 

• effected the purchase of stocks for an account, for which he was directly or indirectly interested, when he knew that a hedge fund customer who had moments earlier withdrawn an order it placed with Webb for the same stock, intended to purchase the stock elsewhere;
• provided false information to his member firm that he had executed a trade for a customer order when, in fact, he did not possess a customer order;
• attempted to conceal his misconduct by requesting sales traders at an affiliate firm to locate a buyer for stocks he had already purchased for his firm’s facilitation account, and to locate an existing order ticket with a time stamp prior to his purchase of the stock in order to make it appear that the purchase for his firm’s facilitation account had been intended for a customer.

Mark David Webb (Principal): Fined $12,500; Suspended 18 months