Jensen, Patrick James
Patrick James Jensen (CRD # 1952963, Registered Representative, Spring Lake, Michigan) submitted a Letter of Acceptance, Waiver and Consent in which he was suspended from association with any FINRA member in any capacity for one year. In light of Jensen’s financial status, no monetary sanction was imposed. Without admitting or denying the findings, Jensen consented to the described sanction and to the entry of findings that he paid $18,000 to another firm’s trader and the trader’s relative so that the trader would continue to conduct his firm’s securities transactions through its account with Jensen. The findings stated that Jensen, while serving as the registered representative of record on a customer’s corporate account, shared in losses and gains in the account without written authorization from his member firm or the customer, and he did not share in the profits and losses in direct proportion to his financial contributions to the account.

