Enforcement Actions
Financial Industry Regulatory Authority (FINRA)
OUTSIDE BUSINESS ACTIVITIES
2010
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.
April 2010 - View all for this month
Ronald Urban Schulze (Principal)
AWC/2008015277401
AWC/2008015277401
Schulze engaged in outside business activities, failed to inform his member firm of his intention to offer fixed annuities to customers and failed to provide written notice of the transactions to his firm after they were completed. Schulze’s firm required all registered representatives to submit an outside business activity disclosure form and receive supervisor’s written approval prior to engaging in any outside business activity.
Ronald Urban Schulze (Principal): Fined $10,000; Suspended 3 months
Enforcement Actions
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