David Alejandro Pedroza (CRD # 2326925, Registered Principal, Holmdel, New Jersey) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $40,000, suspended from association with any FINRA member in any capacity for four months and required to pay $933.33 in disgorgement. The fine must be paid either immediately upon Pedroza’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, Pedroza consented to the described sanctions and to the entry of findings that he was the trader responsible for executing his member firm’s transactions in the common stock of a Pink Sheet security, and was the co-head of the firm’s OTC Bulletin BoardTM (OTCBBTM) and Pink Sheet trading desk. The findings stated that Pedroza failed to honor his firm’s published quotation in the security in responding to liability orders and generally supervised another trader who declined orders, causing the firm to fail to honor its published quotation. The findings also stated that Pedroza filled market-on-close orders at a price above the penultimate trade of the day in the security, reducing the firm’s losses by approximately $56,000.