Enforcement Actions
Financial Industry Regulatory Authority (FINRA)
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.
December 2011 - View all for this month
Jared Robert Lynch
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
Tags: Testing  Email  
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