David Steven Stahl (CRD # 834163, Registered Representative, Fairlawn, New Jersey) 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 10 business days. The fine must be paid pursuant to an installment plan either immediately upon Stahl’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, Stahl consented to the described sanctions and to the entry of findings that he exercised discretion in customers’ accounts without the customers’ prior written authorization or his member firm’s written acceptance of the accounts as discretionary.