Joseph William Hagan (CRD # 1980623, Registered Representative, Colts Neck, New Jersey) was fined $10,000, barred from association with any FINRA member in any principal capacity and suspended from association with any FINRA member in any capacity for three months. The sanctions were based on findings that Hagan evaded an Internal Revenue Service (IRS) garnishment of wages order by routing commissions he earned to an unregistered person at his member firm. The findings stated that Hagan willfully failed to disclose material information on his Forms U4.

The suspension is in effect from February 17, 2009, through May 16, 2009