John Andrew Polychronis (CRD # 1018808, Registered Representative, Rochester, New Hampshire) 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 six months. The fine must be paid either immediately upon Polychronis’ 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, Polychronis consented to the described sanctions and to the entry of findings that he engaged in outside business activities without giving prompt written notice of those activities to his member firm. The findings stated that Polychronis wrote annuity business away from his firm, including sales of fixed annuities and an equity-indexed annuity. The findings also stated that when his firm questioned Polychronis on various occasions, he initially failed to disclose his outside activities and then later underreported its scope by falsely claiming that it had been limited to a single transaction.
The suspension is in effect from May 17, 2010, through November 16, 2010.

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