Rocco Gerard Guidicipietro (CRD #2489732, Registered Principal, Staten Island, New York) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $113,035, which includes disgorgement of commissions received, and suspended from association with any NASD member in any capacity for one month. The fine must be paid before Guidicipietro reassociates with a member firm following the suspension, or before he requests relief from any statutory disqualification. Without admitting or denying the findings, Guidicipietro consented to the described sanctions and to the entry of findings that he engaged in a private placement offering through means of an offering memorandum that was false and misleading. The findings stated that the offering memorandum failed to disclose that Guidicipietro would personally receive substantial commission payouts for all effected transactions and misrepresented the investment philosophy and trading strategy to be employed in the account, as well as the attendant risks.
The suspension in any capacity was in effect from January 16, 2007, through February 15, 2007. (NASD Case #E072003011203)

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