Mark Kovler (CRD #4485423, Registered Representative, Briarcliff, New York) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any NASD member in any capacity for 10 business days. The fine must be paid before Kovler reassociates with a member firm following the suspension, or before he requests relief from any statutory disqualification. Without admitting or denying the findings, Kovler consented to the described sanctions and to the entry of findings that he engaged in an outside business activity and failed to provide his member firm with prompt written notice of the transaction and the compensation he received.
The suspension in any capacity was in effect from December 18, 2006, through January 2, 2007. (NASD Case #2006005195601)

We take cases on a purely contingency fee basis against brokerage firms who employ brokers committing misconduct of this nature.  Please contact us for a free evaluation.