Douglas Walter Campbell Jr. (CRD #2462754, Registered Principal, Water Mill, New York) submitted an Offer of Settlement in which he was fined $5,000 and suspended from association with any NASD member in any capacity for 35 days. Without admitting or denying the allegations, Campbell consented to the described sanctions and to the entry of findings that he engaged in an outside business activity and participated in private securities transactions without providing prior written notice to his member firm.

The suspension in any capacity is in effect from December 18, 2006, through January 21, 2007. (NASD Case #ELI2004039101)