Soreide Law Group, (888) 760-6552, has obtained the following summation of information from FINRA’s website under “Disciplinary and Other FINRA Actions, January, 2014.”
Harry Shaw Hammond (CRD #2261856, Registered Principal, Sarasota, Florida)
was fined $10,000 and suspended from association with any FINRA member in any capacity for 12 months. Hammond consented to the described sanctions and to the entry of findings that he participated in private securities transactions without his member firm’s approval. Hammond referred clients to invest with a private investment company specializing in private investment in public equity (PIPE) transactions.
Individuals Hammond referred invested more than $4 million. The company paid $18,000 to Hammond’s wife, who worked as Hammond’s administrative assistant and was not registered. The company was not a firm-approved product. The SEC sued the company for misappropriation of $4 million, misrepresentations, and failure to maintain required books and records. The company was placed in receivership. Hammond’s wife has returned the $18,000 the company paid to the receiver. Total investor losses have not yet been determined.
The suspension is in effect from November 18, 2013, through November 17, 2014. (FINRA Case #2013035961601)
Harry Hammond was previously registered with the following FINRA firm(s):
ALLEGIANT SECURITIES L.L.C. (CRD# 133912) - SARASOTA, FL
12/2007 - 12/2011
INTERSECURITIES, INC. (CRD# 16164) - SARASOTA, FL
03/2006 - 12/2007
FFP SECURITIES, INC. (CRD# 16337) - SARASOTA, FL
08/2000 - 03/2006
1ST DISCOUNT BROKERAGE, INC. (CRD# 39164) - LAKE WORTH, FL
07/1999 - 07/2000
MARKETING ONE SECURITIES, INC. (CRD# 16611) - PORTLAND, OR
09/1998 - 07/1999
1ST DISCOUNT BROKERAGE, INC. (CRD# 39164) - LAKE WORTH, FL
12/1997 - 09/1998
This ends the summation of information from FINRA’s website.
Ft. Lauderdale-based, Soreide Law Group, represents clients nationwide in arbitrations before FINRA. For a free consultation on how to potentially recover your investment losses call: 888-760-6552.
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