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.
Jared Robert Lynch
AWC/2011029347801
Lynch improperly
created an answer key for a state long term care (LTC) insurance
CE examination and
distributed the answer keys to an employee of the member firm. Lynch sent an email to a registered representative at the firm and
attached the study guide
for an eight-hour required course and exam, consisting of 50
multiple choice questions and
a blank answer sheet; a third-party educational testing company
appeared to have created
all the materials. In the email, Lynch stated he would have
the answers soon and later provided the registered representative
with a copy of the blank
answer sheet with the answers to the 50 questions circled by hand
and the words “master
copy” written on the top of the page.
Jared Robert Lynch: FIned $5,000; Suspended 60 days