The following information appeared on FINRA’s website under “Disciplinary and Other FINRA Actions, June, 2013.”
Steven Robert Aron (CRD #4664318, Registered Representative, Agoura Hills, California)
was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Aron consented to the described sanction and to the entry of findings that through his outside business activity, he facilitated investments on behalf of some of his member firm customers and another customer of his certified public accounting business.
FINRA's findings stated that Aron combined $325,000 of the customers’ money to invest in a local pawn and jewelry business on their behalf. The customers invested with the expectation of a 9 percent return on their investment. The findings also stated that Aron failed to notify his firm of his participation in his outside business activities and in the customers’ investments.
Also, FINRA's findings included that during the course of FINRA’s investigation into Aron’s outside business activities and private securities transactions, it requested information and documentation from Aron. Aron complied with one request but refused to comply with a second request and informed FINRA that he would not respond to any future requests.
(FINRA Case #2011028382801)
FINRA's BrokerCheck lists this broker as previously registered with FINRA at the following brokerage firms:
FINANCIAL WEST GROUP
CRD# 16668
AGOURA HILLS, CA
05/2011 - 06/2011
SOUTHWEST SECURITIES, INC.
CRD# 6220
BEVERLY HILLS, CA
12/2008 - 05/2010
M.L. STERN & CO., LLC.
CRD# 8327
BEVERLY HILLS, CA
10/2003 - 12/2008
This ends the information obtained on FINRA’s website.
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