Jeffrey Scott Ramson (CRD # 1574903, Registered Principal, New York, New York) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for 60 days. The fine must be paid either immediately upon Ramson’s reassociation with a FINRA member firm following his suspension, or prior to the filing of any application or request for relief from any statutory disqualification, whichever is earlier. Without admitting or denying the findings, Ramson consented to the described sanctions and to the entry of findings that, in his capacity as his member firm’s Chief Executive Officer (CEO), he approved a retroactive application of a higher commission rate to transactions that had been previously confirmed in writing to a public customer, thereby increasing the commissions charged from $12,500 to $480,000.

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