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.
Steven Tyler Moses
Moses improperly allowed a branch operations manager of his member firm to assist him in answering Firm Element CE proficiency tests by indicating the correct answer. The firm required all registered persons to complete an internal, computerbased Firm Element CE program on an annual basis. The Firm Element CE program consisted of a series of Web-based courses and accompanying proficiency tests with courses pre-assigned to registered individuals based upon the registrations that they held at the time of assignment. 
Steven Tyler Moses: Fined $5,000; Suspended 30 days
Tags: Testing  
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