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.

Rodney Scott Garretson (Registered Supervisor)
AWC/2008012095301

Garretson falsely represented to New York Stock Exchange (NYSE) Regulation examiners that his member firm did not employ any interns at the firm’s branch office. Garretson denied to the regulators that the branch office he supervised employed non-registered cold callers who used telemarketing scripts. Garretson instructed staff at the branch office that, if asked, the branch office employees were to tell the regulators that there were no interns employed at the branch office. Garretson purposefully failed to correct his misleading statements to the regulators. 

Rodney Scott Garretson (Registered Supervisor): Fined $5,000; Suspended 6 months in all capacities