Paul Andrew Niess (CRD # 2157145, Registered Representative, Bartlett, Illinois) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Niess participated in private securities transactions without prior written notice to, or written approval from, his member firm. The findings stated that Niess borrowed $405,000 from public customers in violation of his firm’s written supervisory procedures, which prohibited registered representatives from “making loans to or accepting loans from customers.” (FINRA Case # 2005003332001)