Matthew Edward O’Callaghan (CRD # 5273940, Registered Representative, New York, New York) submitted a Letter of Acceptance, Waiver and Consent in which he was censured, fined $10,000 and suspended from association with any FINRA member in any capacity for 18 months. The fine must be paid either immediately upon O’Callaghan’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 findings, O’Callaghan consented to the described sanctions and to the entry of findings that he improperly priced various corporate bond positions in his proprietary trading book to improve the profit and loss totals reported in his book. The findings stated that O’Callaghan’s member firm became aware of the mismarkings during a routine reconciliation of his positions for daily mark-to-market purposes. The findings also stated that O’Callaghan’s mismarkings resulted in his firm recording inaccurate prices for corporate bonds on its books and records.

The suspension is in effect from February 17, 2009, through August 16, 2010.