Iqbal Ashraf (CRD # 1158662, Registered Principal, Pasadena, California) submitted an Offer of Settlement 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 Ashraf’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, Ashraf consented to the described sanctions and to the entry of findings that he willfully failed to disclose material information on his Uniform Application for Securities Industry Registration or Transfer (Form U4).

The suspension is in effect from January 5, 2009, through July 4, 2009. (FINRA Case # 2007007372701)