Daniel Walsh (CRD # 5333714, Registered Representative, Niantic, Connecticut) submitted a Letter of Acceptance, Waiver and Consent in which he was censured, fined $5,000 and suspended from association with any FINRA member in any capacity for 90 days. Without admitting or denying the findings, Walsh consented to the described sanctions and to the entry of findings that he took an online state continuing education (CE) examination for financial advisors working for another FINRA member firm. The findings stated that the financial advisors provided their driver’s license and social security numbers to Walsh, who used the information to log onto the examination Web site and take the exam for them. The findings also stated that Walsh assisted other financial advisors to take the CE examination by sitting with them in their offices and providing assistance to complete the examination. The findings also included that Walsh possessed and distributed an answer key to a financial advisor and permitted the answer key to be distributed to other financial advisors. FINRA found that Walsh did not report his conduct to his member firm.
The suspension is in effect from April 5, 2010, through July 3, 2010.

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.