William Edward Kassar Jr. (CRD # 2245223, Registered Principal, Lattingtown, New York) submitted an Offer of Settlement in which he was fined $10,000 and suspended from association with any FINRA member in any capacity for 30 days. The fine must be paid either immediately upon Kassar’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 allegations, Kassar consented to the described sanctions and to the entry of findings that he sold unregistered shares of securities on public customers’ behalf, which violated Section 5 of the Securities Act of 1933 and NASD Rule 2110. The findings stated that Kassar possessed information that should have alerted him to the necessity of conducting an inquiry into the registration or exemption status of the securities and did not ascertain any facts necessary to determine if the shares were exempt.(FINRA Case # 2005000075703)