Individual Settles FINRA Charges for Failure to Disclose Outside Business Activity

An individual settled FINRA charges for failing to disclose to three broker-dealers at a firm in which she was employed, that she was also the CEO and board member at a publicly traded company.

FINRA found that the individual violated Rules 3270 ("Outside Business Activities of Registered Persons") and 2010 ("Standards of Commercial Honor and Principles of Trade").

To settle the charges, the individual agreed to (i) a two-month suspension from associating with any FINRA member in any capacity and (ii) a $5,000 fine.