Douglas William Hemke (CRD # 1204584, Registered Principal, St. Joseph, Missouri) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $30,000, suspended from association with any FINRA member in any capacity for 30 business days and suspended from association with any FINRA member in any principal capacity for three months. The suspensions shall run concurrently. The fine must be paid either immediately upon Hemke’s reassociation with a FINRA member firm following his suspensions, or prior to the filing of any application or request for relief from any statutory disqualification, whichever is earlier. Without admitting or denying the findings, Hemke consented to the described sanctions and to the entry of findings that he conducted a securities business while failing to maintain his member firm’s required minimum net capital. The findings stated that Hemke exercised discretion in customers’ accounts without receiving written customer authorization. The findings also stated that Hemke exercised discretion in customers’ accounts when his firm’s procedures prohibited discretionary accounts, and later when his firm allowed discretionary accounts but only after written customer authorization was received and the accounts were approved as discretionary accounts. The findings also included that Hemke failed to enforce his firm’s procedures relating to discretionary accounts.