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.

First Bermuda Securities (BVI) LTD and Jeffrey Gerald Conyers (Principal)
AWC/2010021124201/January 2012

For more than four years, the firm relied exclusively on electronic storage media to preserve its business-related electronic communications. The firm’s electronic storage media system was deficient because such communications could be deleted from the system prior to being preserved in the requisite non-rewritable, non-erasable format. 

Tags:  Email    Electronic Storage    Electronic Communications    Unregistered Person     |    In: Cases of Note : FINRA