Gregory Ray (CRD # 4676237, Registered Representative, Mount Vernon, Missouri) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Ray consented to the described sanction and to the entry of findings that he misappropriated approximately $368,657 from customers by opening bank accounts, for which he was the signatory, in firm customers’ names. The findings stated that through false representations, including false letters of authorization, Ray, without the customers’ knowledge or consent, wired funds from the customers’ firm accounts into the bank accounts that he had opened and used the funds for his personal use.

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