TAG | broker conducting outside business transactions
Comments off · Posted by Securities Lawyer in FINRA
James Calvin Wylie Jr. (CRD #834405, Registered Representative, Ponte Vedra Beach, Florida)
submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for one month. Without admitting or denying the findings, Wylie consented to the described sanctions and to the entry of findings that he engaged in unapproved outside business activities when he provided consulting and analytical services on potential business transactions, outside the scope of his relationship with his member firm and without providing prompt written notice to his firm. The findings stated that Wylie inaccurately certified on an annual outside business activities questionnaire that he was not involved in any outside business activities.
This suspension was in effect from March 5, 2012, through April 4, 2012.
(FINRA Case #2010024027601)
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