Hallmark Investments, Inc. (CRD # 135003, New York, New York) and Steven Gary Dash (CRD # 2438498, Registered Principal, New City, New York) submitted an Offer of Settlement in which the firm was censured and fined $15,000, and Dash was suspended from association with any FINRA member in any capacity for two months. In light of Dash’s financial status, no monetary sanctions were imposed. Without admitting or denying the allegations, the firm and Dash consented to the described sanctions and to the entry of findings that the firm, acting through Dash, filed a membership application that was incomplete or inaccurate so as to be misleading, and failed to correct the filing. The findings stated that the firm, acting through Dash, failed to file a required application with FINRA for approval of change of ownership. The findings also stated that Dash engaged in private securities transactions without providing prior written notice to his member firms or securing the firms’written approval.

The suspension is in effect from April 6, 2009, through June 5, 2009.