Application for RegistrationSec. 2. (a) Application by any person for registration with the Corporation, properly signed by the applicant, shall be made to the Corporation via electronic process or such other process as the Corporation may prescribe, on the form to be prescribed by the Corporation and shall contain:(1) an agreement to comply with the federal securities laws, the rules and regulations thereunder, the rules of the Municipal Securities Rulemaking Board and the Treasury Department, the By-Laws of the Corporation, NASD Regulation, and NASD Dispute Resolution, the Rules of the Corporation, and all rulings, orders, directions, and decisions issued and sanctions imposed under the Rules of the Corporation; and(2) such other reasonable information with respect to the applicant as the Corporation may require.(b) The Corporation shall not approve an application for registration of any person who is not eligible to be an associated person of a member under the provisions of Article III, Section 3.(c) Every application for registration filed with the Corporation shall be kept current at all times by supplementary amendments via electronic process or such other process as the Corporation may prescribe to the original application. Such amendment to the application shall be filed with the Corporation not later than 30 days after learning of the facts or circumstances giving rise to the amendment. If such amendment involves a statutory disqualification as defined in Section 3(a)(39) and Section 15(b)(4) of the Act, such amendment shall be filed not later than ten days after such disqualification occurs.
No member or person associated with a member shall file with FINRA information with respect to membership or registration which is incomplete or inaccurate so as to be misleading, or which could in any way tend to mislead, or fail to correct such filing after notice thereof.
Financial Disclosure14K. Within the past 10 years:(1) have you made a compromise with creditors, filed a bankruptcy petition or been the subject of an involuntary bankruptcy petition?(2) based upon events that occurred while you exercised control over it, has an organization made a compromise with creditors, filed a bankruptcy petition or been the subject of an involuntary bankruptcy petition?(3) based upon events that occurred while you exercised control over it, has a broker or dealer been the subject of an involuntary bankruptcy petition, or had a trustee appointed, or had a direct payment procedure initiated under the Securities Investor Protection Act?14L. Has a bonding company ever denied, paid out on, or revoked a bond for you?14M. Do you have any unsatisfied judgments or liens against you?
(39) A person is subject to a ''statutory disqualification'' with respect to membership or participation in, or association with a member of, a self-regulatory organization, if such person. . .(F) has committed or omitted any act, or is subject to an order or finding, enumerated in subparagraph (D), (E), (H), or (G) of paragraph (4) of section 15(b) of this title, has been convicted of any offense specified in subparagraph (B) of such paragraph (4) or any other felony within ten years of the date of the filing of an application for membership or participation in, or to become associated with a member of, such self-regulatory organization, is enjoined from any action, conduct, or practice specified in subparagraph (C) of such paragraph (4), has willfully made or caused to be made in any application for membership or participation in, or to become associated with a member of, a self-regulatory organization, report required to be filed with a self-regulatory organization, or proceeding before a self-regulatory organization, any statement which was at the time, and in the light of the circumstances under which it was made, false or misleading with respect to any material fact, or has omitted to state in any such application, report, or proceeding any material fact which is required to be stated therein.
I understand that this settlement includes a finding that I willfully omitted to state a material fact on a Form U4, and that under Section 3(a)(39)(F) of the Securities Exchange Act of 1934 and Article III, Section 4 of FINRA's By-Laws, this omission makes me subject to a statutory disqualification with respect to association with a member.
FAILED TO DISCLOSE AN OUTSTANDING JUDGEMENT ON FORM U-4.
B/D RECEIVED A WRIT OF GARNISHMENT ON A JUDGEMENT DATING BACK TO 2011 THAT WAS NEVER DISCLOSED ON REP'S FORM U-4.
CONDUCT INCLUDING DISREGARDING MANAGEMENT DIRECTIVES CONCERNING (1) THIRD PARTY RESEARCH, (ii) EMAILING MARKET ANALYSIS, AND (iii) MAINTAINING CONFIDENTIALITY OF A FIRM INTERNAL REVIEW, RESULTING IN VIOLATIONS OF FIRM POLICIES AND MANAGEMENT'S LOSS OD CONFIDENCE.
Also READ:MY DISMISSAL WAS MOTIVATED BY MANAGEMNT'S [sic] BELIEF THAT I WAS ABOUT TO LEAVE THE FIRM AFTER ANOTHER VERY PROMINENT FA AND CLOSE ASSOCIATE OF MINE HAD JUST LEFT AND I HAD BEEN EXPECTED TO FOLLOW. MANAGEMENT THEN CITED FRIVOLOUS AND INACCURATE REASONS FOR MY DISMISSAL. ACCORDING TO FORM U-5, I WAS DISMISSED FOR RECEIVING THIRD PARTY RESEARCH THAT MERRILL HAD PREVIOUSLY APPROVED AND REIMBURSED ME FOR AND ALLEGEDLY MENTIONING AN INSIGNIFICANT PART OF A SUPPOSEDLY CONFIDENTIAL INTERNAL REVIEW. EGREGIOUSLY AND WITHOUT ANY MERIT, ML ANSWERED YES TO QUESTION 14J(1) ON U4, WITH NO EVIDENCE OF ANY REASON WHY. I HAVE NEVER, NOR WAS I EVER ACCUSED OF VIOLATING ANY INVESTMENT-RELATED STATUTES, REGULATIONS, OR INDUSTRY STANDARDS OF CONDUCT