Conrad Michael Lawrence (CRD # 4467366, Registered Representative, Wichita, Kansas) submitted an Offer of Settlement in which he was fined $25,000, which includes $4,000.32 in disgorgement of commissions, suspended from association with any FINRA member in any capacity for four months and ordered to pay $21,280, plus interest, in restitution. The fine, disgorgement and restitution must be paid either immediately upon Lawrence’s reassociation with a FINRA member firm following his suspension, or prior to the filing of any application or request for relief from any statutory disqualification, whichever is earlier. Without admitting or denying the allegations, Lawrence consented to the described sanctions and to the entry of findings that, in connection with the sale of an installment plan contract offered by an alleged charitable organization issued to a customer, Lawrence negligently misrepresented to the customer that he would receive a tax deduction. The findings stated that Lawrence recommended the installment plan contract without having a reasonable basis for the recommendation, and did not perform a reasonable investigation concerning the propriety of the alleged charitable organization or the installment plan contracts it offered. The findings also stated that Lawrence engaged in a private securities transaction without providing prior written notice to, and receiving prior written approval from, his member firm.
The suspension is in effect from May 17, 2010, through September 17, 2010.

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