Melvin Ray (CRD # 5122930, Associated Person, Tamarac, Florida) submitted a Letter of Acceptance, Waiver and Consent in which he was suspended from association with any FINRA member in any capacity for 45 business days. In light of Ray’s financial status, no monetary sanctions were imposed. Without admitting or denying the findings, Ray consented to the described sanction and to the entry of findings that, while associated with a memberfirm, he acted in a capacity that required registration with FINRA while he was not registered and never possessed any securities licenses. The findings stated that Ray made misrepresentations to a prospective customer regarding the material features of bonds and the safety of the bonds.(FINRA Case # 2007007901301)