Black Diamond Securities LLC had just one owner, one CEO, and one Registered Rep  - all wrapped up in a single individual.  Richard Allan Finger, Jr., entered the securities industry as an associated person with a FINRA member firm in July 2001 and by September, he got his Series 7 (General Securities Rep) license. Among his other work experiences, Richard Finger, a Washington state resident, worked for Morgan Stanley (< 1 year) and for First Washington Corporation (nearly 3 years) before joining Black Diamond Securities in February 2011.  Since February 2011, Finger served as the CEO, and was the firm's sole owner and only registered rep.  On or about 6/24/11, he got his Series 24 (General Securities Principal) license. By September 2011 - 3 months later - FINRA had suspended his registration. FINRA Findings and Allegations. From February 2011 to July 2011, Finger acted like a kid in a candy shop, effectively charging his illicit dalliances to the 25 or so customers and their 40 accounts.  Through his trading activity, 10 of these customers incurred nearly $1.6 million in losses in 17 accounts.  He also exercised discretionary authority in some or all of those accounts.  In the final accounting, Finger and Black Diamond were the big winners, having generated over $1.8 million in commissions in those accounts, alone. In April 2011, Finger began providing customers with fabricated account statements that overstated the net asset values of their accounts and understated the amounts of commissions the customers had been charged.  These fabricated statements went to all 17 accounts via e-mail.  Finger continued to issue fabricated account statements until at least 8/3/11. All told, he had created and sent at least 45 inaccurate statements for the 17 accounts, overstating the net asset values by amounts ranging from $7K to about $1.54 million.  About 31 of those statements also understated the amounts of commissions that had been charged - amounts ranging from $2.4K to $430K. FINRA Sanctions.   Richard Allan Finger, Jr., committed separate and distinct violations of FINRA Rule 2010, which led FINRA to bar Finger from the industry For further details, go to:    [FINRA AWC #20110290058-02, 12/8/11].