This Seattle-based Registered Rep with LPL Financial Corporation agreed to settle FINRA charges he engaged in private securities transactions ("PST's") without prior written notice to, and approval from, his member firm, in that he participated in the sales to firm customers of LP interests in an entity he and a business associate had formed for a $1.1mn total. FINRA Allegations of Findings. Scott Baklenko, with his business associates opened an account with another member firm in their entity’s name.  However, Baklenko failed to notify his member firm in writing that he had established the account with the other firm and he failed to notify the other (carrying) firm, with which he opened the account, in writing that he was associated with a firm. FINRA noted tht Baklenko effected trades in his entity’s account at the other firm, which included securities purchases totaling over $176,000 and securities sales totaling exceeding $57,000. Imposed Sanctions. Scott Baklenko was fined $20,000 and suspended 20 months.  For further details, go to [FINRA AWC #2009019500401] and [Disciplinary Actions for Sept. 2011].