Myron Doyle Lester (CRD #3037832, Registered Representative, Upper Marlboro, Maryland) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $10,000 and suspended from association with any NASD member in any capacity for one year. The fine must be paid before Lester reassociates with any NASD member following the suspension, or before he requests relief from any statutory disqualification. Without admitting or denying the findings, Lester consented to the described sanctions and to the entry of findings that he participated in private securities transactions without providing prior written notice to, or receiving written approval from, his member firm. The findings stated that Lester made a recommendation to a public customer without having a reasonable basis for believing that the recommendation was suitable based upon customer’s investment objectives, financial status and needs. The findings also stated that in connection with the recommendation, Lester signed the customer’s name to withdrawal forms and submitted them to his member firm without giving any notice or other indication on the withdrawal forms that he had signed them on the customer’s behalf.
The suspension in any capacity will be in effect from January 2, 2007, through January 1, 2008. (NASD Case #2005002365301)

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