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.
Joseph Anthony McIntyre
AWC/2010024485401
McIntyre
sold equity indexed annuities
(EIAs) without providing
his member firm with prompt written notice of the business
activity. The findings stated
that the EIAs were insurance-issued and were not securities
products. McIntyre effected, or
participated in effecting, EIA sales totaling about $1,116,370 and
received compensation
totaling approximately $80,958 from the transactions.
McIntyre falsely certified to the firm that he had not sold EIAs
outside the scope of his
employment.
Joseph Anthony McIntyre: Fined $5,000; Suspended 3 months