Ronald R. Cino (CRD # 1550944, Registered Representative, Mamaroneck, 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 five business days. Without admitting or denying the findings, Cino consented to the described sanctions and to the entry of findings that he exercised discretion and effected trades in customer accounts without the customers’ written authorization and without his member firm’s acceptance of the accounts as discretionary.

The suspension was in effect from March 2, 2009, through March 6, 2009.