One Registered Rep and 2 Registered Principals [C-I Note:  Shouldn't they have known better?] were barred by FINRA for engaging in outside business activities.  [For other cases, click onto:   [ FINRA Disciplinary Actions for November ]

    1.  Reg'd Rep (Dublin, OH) barred from industry.   RR Gardner served as CFO of a start-up company, though he failed notify his member firm or seek its permission.  Adding insult to injury, he converted the entity’s funds for his personal use by writing fraudulent checks without the entity’s knowledge or permission, while serving as the start-up's CFO.  RR also solicited and accepted $15,000 from an individual as an investment in the entity, but misappropriated those funds.   (FINRA Case #2009020196301)

    2.  Reg'd Principal (Temecula, CA) barred from industry.   RR Keating  participated in private securities transactions involving the offer and sale of interests in a company, outside the scope of his employment with his member firm.  He made sales of $17.6mn, for which he earned $1.7mn.  The RR never made his member firm aware of these dealings.  Further, RR Keating was employed by outside businesses holding various positions, including officer and director with these outside businesses, while being associated with his firm.   (FINRA Case #2007011125101)

   3.  Reg'd Principal (Upper Darby, PA) barred from industry.   RR Munnelly served as COO for an outside business without disclosing this to his member firm.  He then failed to respond to FINRA RFI's, which led to his being barred.   (FINRA Case #2009018407701)