An Indiana-based broker with Citigroup Global Markets participated as an exhibitor at a convention without first obtaining his firm's authorization.  He then "sealed the deal" for a long-term suspension by providing inaccurate and misleading information to FINRA during its investigation about his activities. Convention Exhibitor. Jaime Campos Lopez, a broker with 8 years experience, in March 2009, discussed with his member firm the possibility of him participating as an exhibitor during a dental convention - he'd represent the firm at a booth in the exhibition hall and distribute literature.  However, he never followed up with a formal written request, as Citigroup required. Despite his lacking firm approval, Lopez went ahead, arranged for and participated as an exhibitor representing the firm.  He staffed an exhibition booth and distributed, or had available for distribution, literature about the firm and himself.   These actions constituted separate and distinct violations of FINRA Rule 2010. Provided Inaccurate and Misleading Testimony to FINRA. During the course of FINRA’s investigation on 6/24/10, about Lopez’ participation as an exhibitor at the convention, Lopez provided FINRA with inaccurate and misleading information.  Specifically, Lopez made the following representations to FINRA during on-the-record testimony:

• that he did not complete an application to participate at the convention as an exhibitor;
• that he did not arrange with a wholesale distributor of financial products to participate with him and share the costs of participating at the convention;
• that he did not attend the convention as an exhibitor;
• that he did not send or receive emails to a representative of the dental association or the wholesale distributor regarding the convention.

FINRA found these representations to have been inaccurate and misleading, in that he contradicted the truth.  This conduct constituted separate and distinct violations of FINRA Rules 2010 and 8210. FINRA Sanctions. Jaime Campos Lopez received a $5,000 fine and 2-year suspension.  For further information, go to FINRA AWC #2009018640401. [Disciplinary Actions for October 2011]