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Enforcement Actions
Financial Industry Regulatory Authority (FINRA)
CASES OF NOTE
2009
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 2009
Peter Herbert Hackstedde and Ross William Sindelar
OS/2006004707201/December 2009
Hackstedde and Sindelar acquired unregistered and non-exempt shares from an issuer with a view to distribution and, therefore were statutory underwriters. They distributed,or caused the distribution of, unregistered and non-exempt securities to the public.

Peter Herbert Hackstedde: Fined $301,896.93 (includes $286,896.93 disgorgement of profits) Suspended 30 business days in all capacities
Ross William Sindelar:
Fined $418,904.91 (includes $$403,904.91 disgorgement of profits) Suspended 30 business days in all capacities
Tags:  Unregistered Securities    Statutory Underwriters     |    In: Cases of Note : FINRA
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