The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, February, 2013.”
Edward Daniel Hochard (CRD #1830418, Registered Principal, Palm Bay, Florida)
was fined $15,000 and suspended from association with any FINRA member in any capacity for six months. Without admitting or denying the findings, Hochard consented to the described sanctions and to the entry of findings that he personally purchased 1,000 shares of a private company’s common stock for the total amount of $10,000, directly from the company in a private offering, when he did not provide prior written notice to his member firm of his intent to participate in the purchase of the company’s common stock in a private transaction, nor did he receive the firm’s approval to purchase the common stock.
FINRA's findings stated that Hochard opened and maintained a Roth independent retirement account (IRA) with another FINRA member firm without providing notice to the FINRA member firm that he was employed by another FINRA member firm. Hochard further failed to disclose to his firm that he had opened a securities account with another FINRA member firm. When Hochard completed the new account form to open the account he falsely answered “no” to the question regarding NASD affiliation.
The suspension is in effect from January 7, 2013, through July 6, 2013. (FINRA Case #2011025963101)
This ends the information from FINRA's website.
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