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2003
NASD Disciplinary Actions
Outside Business (OB) Activities 

NASD CONDUCT RULE 3030. Outside Business Activities of an Associated Person
No person associated with a member in any registered capacity shall be employed by, or accept compensation from, any other person as a result of any business activity, other than a passive investment, outside the scope of his relationship with his employer firm, unless he has provided prompt written notice to the member. Such notice shall be in the form required by the member. Activities subject to the requirements of Rule 3040 shall be exempted from this requirement.

NOTE: 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 and to the entry of findings.

Respondent/NASD Case #

Bar

Suspension

/d = calendar days
/bd =  business days
/w = weeks
/m = months 
/y = years

Note:  suspensions are in "all " capacities unless otherwise indicated

Monetary Sanctions
F = fine
D = disgorgement 
DF = disgorgement included in fine

Addt'l Factors
XR = failed to provide info or appear for testimony
XF = No fine due to "financial status"
PS = also engaged in private securities transaction

cases resulting in suspension but not bars

David Joseph Ashbaker (AWC/C8A030064/Oct 2003) 10/bd $2,500 F
John Michael Yates (AWC/C8A030048/August 2003)   10/bd $2,500 F  
Ian-Max Henriquez (AWC/C02030035/August 2003)   10/bd $7,500 F  
Michael Anthony Palermo, Sr. (AWC/C9B030007/May 2003) 10/bd $2,500 F
Kaz Enayet Hossain
(AWC/C02030029/July 2003
10/bd $3,000 F
Sri Haran
(AWC/C9B030033/July 2003)
10/bd $5,000 F Referred clients to another firm for investment advisory services in exchange for  referral fee
Douglas Royce Cochrane (AWC/C07030040/August 2003)   15/bd $5,000 F  
Mauro Jose Padilla (AWC/C06030020/November 2003) 1/m $5,000 F
Anthony William Allen
(AWC/C8B030013/August 2003)
  30/d $5,000 F  
Ira Leslie Aguado
(AWC/C10030019 May 2003)
30/d $10,000 F

LuVerne Aloys Meyer (AWC/C04030018/May 2003)

30/d $21,065.05 F
$16,065.05 DF
Lee Edward Goldner (OS/C8A030018/December 2003) 30/d $12,293 F
$9,793 DF
Abraham Salzberg (AWC/C10030084/December 2003) 45/d $3,500 F
Albert Lee Rosebush (AWC/C8A030053/August 2003)   6/w $7,500 F  

Joseph Sirilla, Jr. (AWC/C8B030007/May 2003)

60/d $20,020 F
$!7,520 DF
Stephen Ralph Kittelson
(AWC/C04030029/July 2003)
60/d $7,500 Undisclosed settlement with public customer.
Leroy Avery (C8A020032/ May 2003) 90/d $28,559 F
$28,559 DF
PS
Roger John Cawiezell (OS/C07020083 March 2003) 
90/d  $45,000 F
$39,900 DF
Also failed to submit an amended OB form to member firm
Michael Donovan Puls (AWC/C04030020/June 2003) 3/m $2,500 F
James Milton Seltzer (AWC/C3B030003 March 2003) 
3/m  No fine due to "financial status"
Anthony Galeotafiore
Francis Louis Smookler, Jr.
Mark David Pellettieri
(OS/CLI020006/April 2003)
3/m  Each $5,000 F
Joint/Several $250,150 D
All PS
Kent David Schuette
(AWC/C8A030040/July 2003)
3/m $5,000 F
$39,485 D
Alonso Martin Martinez (OS/C05020052 March 2003) 
4/m  $60,000 F
$55,316.88 DF
Martin Owen McCann, IV
(OS/C01030002/Sept 2002)
5/m $38,841.21 F
Stephen Joseph Drunasky
(OS/C8A030042/Oct 2003)
6/m
David Weenam Chinn (OS/C01030003/August 2003)   6/m $39,785 F
 
 
James Stanley Freeman (AWC/C01030006/April 2003) 6/m  $15,250 F
$10,250 DF
PS
Willard Grant Johnson (OS/C8A020078 April 2003) 6/m No fine per financial status Sold pay phone leases.
Randal Lee Cade (AWC/C05030006 March 2003) 
6/m  $53,400 F
$43, 400 DF
Hugh Charles Robinson (AWC/C9A030007 April 2003) 6/m No fine per financial status
Douglas John Hershey
and
Claude William Johnson III (AWC/C07030022/June 2003)
12/m Each fined $55,000 ($110,000 total)
$102,105 DF
John Murk Lockman, Jr. (AWC/C07030058/Oct 2003)   1/y $10,000 F PS
Dennis Leyman Siers (AWC/C8B030002 March 2003) 
1/y  $65,000
Gary Donald Cowell (AWC/C9A030004/April 2003) 1/y  $25,000 F
$47,550 D
PS
Daniel A Kyman (OS/C3A020054 April 2003) 18/m $5,000 F
Mark David Romano (AWC/C02030005 April 2003) 18/m $27,315 F
$22,315 DF
Paul Clifford Wentzlaff
(AWAC/C04030048/Oct 2003)
  2/y $5,000 F  

cases resulting bars

William Gordon Hoover, Jr. (AWC/C3A030043/December 2003) X PS; Failed to disclose material facts on U4; failed to respond to requests for information
Mark Gregory Steffan (AWC/C01030028/November 2003) X
Kathleen Whorley Sommer (AWC/C3A030009/Oct 2003) X $22,500  D in commissions earned in partial restitution to public customer

XR (appeared but failed to answer at OTR)
Ramzi J. Sarkis (AWC/C11030032/Oct 2003) X XR
John Joseph DePrimo
(AWC/C9A030028/Oct 2003)
X $46,480 D commissions in partial restitution to public customers.
Glenn Daniel Bone, III
(C8A030022/Oct 2003)
X Forged principal's name on new account form; distributed unapproved advertising; XR
Austin Charles Cogswell
(AWC/C07030052/Sept 2003)
X PS
Joseph Anthony Watters (OS/C9A030005/August 2003) X     XR
Michael Allen Loween (AWC/C3B030009/August 2003) X     PS
Douglas Paul Dillmann (C8A030006/August 2003) X     XR
Terrance Gary Buyze
(AWC/C8A030054/August 2003)
X     PS; XR
Michael Murray Scott (OS/C06020022/June 2003) X XR
Jason Lee Kibbee (AWC/C04030004 March 2003)
X XR
Dwight Alexander Foster (AWC/C8A30008 March 2003)
X XR
Azizollah Halimi (OS/C10020107 March 2003)
X XR
Louis Patrick Arena (AWC/C9B030003 March 2003) X Converted $24,992 from an employer company checking account
Allen Douglas Ray, Jr. (AWC/C07030013 April 2003) X XR
David Ronald Krizman
(OS/C3A030010/July 2003)
X $51,407.35 D   XR




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