Enforcement Actions
Financial Industry Regulatory Authority (FINRA)
CASES OF NOTE
2011
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.
M. Paul De Vietien
2006007544401
Following De Vietien’s appeal of an Office of Hearing Officers (OHO) decision that barred him for participating in private securities transactions and outside business activities in violation of FINRA rules.
M. Paul De Vietien : Fined $16,000; Suspended 1 year
Tags: NAC  
Bill Singer's Comment
M. Paul De Vietien appeals the December 3, 2009, Hearing Panel decision, which found that he participated in private securities transactions and engaged in undisclosed outside business activities, in violation of FINRA’s rules. The Hearing Panel barred De Vietien for the violations. On review, the NAC affirmed the Hearing Panel’s fmdings, but eliminated the Bar, and imposed a 1 year suspension plus a fine of $16,000 for the private securities transactions and outside business activities.

Read the NAC 12/28/10 Decision at http://www.finra.org/web/groups/industry/@ip/@enf/@adj/documents/nacdecisions/p122867.pdf

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