Max Sean Nelson (CRD # 3049381, Registered Representative, Savannah, Missouri) 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 one year. In light of Nelson’s restitution being ordered pursuant to a 2009 agreement entered into with the Missouri Attorney General, no restitution sanction was imposed. Nelson shall provide proof that he is in full compliance with any current agreement he has entered into with the Missouri Attorney General’s office either prior to reassociation with a FINRA member firm or prior to any request for relief from any statutory disqualification, whichever is earlier. The fine must be paid either immediately upon Nelson’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 findings, Nelson consented to the described sanctions and to the entry of findings that he participated in private securities transactions involving the purchasing of commercial and residential rental properties, through investing and loaning of investors’ funds in companies he controlled without prior written notice to, or written approval from, his member firm. The findings stated that Nelson completed his member firm’s compliance questionnaires and, in response to the question, “I have only offered for sale securities and non-securities investments, which at such time were authorized by the firm in writing,” Nelson falsely answered “Yes.”
The suspension is in effect from April 19, 2010, through April 18, 2011.

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