Ronen Zakai (CRD # 4244908, Registered Representative, Hewlett, New York) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for 30 days. Without admitting or denying the findings, Zakai consented to the described sanctions and to the entry of findings that he borrowed $16,000 from one of his member firm’s customers. The findings stated that Zakai’s member firm did not know of or otherwise approve of the loan, and moreover, the firm’s policy prohibited such loans. The suspension is in effect from October 19, 2009, through November 17, 2009. (FINRA Case # 2007010628701)

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