The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, February, 2013.”
David Arthur Tetley (CRD #1511967, Registered Representative, Fairfield, Connecticut)
was fined $5,000 and suspended from association with any FINRA member in any capacity for four months. Without admitting or denying the findings, Tetley consented to the described sanctions and to the entry of findings that he sold EIA*s to people outside the scope of his employment with his member firm and without providing the firm with prompt written notice of the business activity.
FINRA' findings stated that Tetley’s undisclosed EIA* sales totaled about $1,586,760 and he received approximately $119,000 as compensation for the transactions.
(*Equity-Indexed Annuities (EIAs) are also known as "fixed-indexed insurance products" and "indexed annuities")
The suspension is in effect from January 7, 2013, through May 6, 2013. (FINRA Case #2011026508701)
This ends the information from the FINRA website.
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