Phillip Alan Pickle (CRD # 2443472, Registered Principal, Broken Arrow, Oklahoma) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $10,000 and suspended from association with any FINRA member in any capacity for nine months. The fine must be paid either immediately upon Pickle’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, Pickle consented to the described sanctions and to the entry of findings that he engaged in a private securities transaction and failed to give prior written notice to, or receive written approval from, his member firm. The findings stated that Pickle engaged in outside business activities, for compensation, without prompt written notice to his member firm. The findings also stated that Pickle denied receipt of outside compensation when his member firm specifically asked him.

The suspension is in effect from March 2, 2009, through December 1, 2009.