1. B/D President Failed to Act on Another Principal's Alleged Misconduct.
2. Principal's Mini Ponzi.
3. RR Barred Over $3K in Fudged Expenses.
4. [FINRA's Disciplinary Actions for December]

    2.  Principal's Mini Ponzi.   A Registered Principal in Clinton Township, MI, agreed to be barred from
the industry, to settle FINRA charges he fraudulently solicited $1.7 million from investors, including firm customers.  Principal Pionk, who deposited the funds into his private company’s bank accounts over which he had sole control, had represented to customers that he would use the money to make legitimate investments on their behalf.  In reality, he allegedly made approximately $500,000 in interest payments to earlier investors using funds received from later investors, and converted substantially all the remaining funds to his personal benefit.  Later, Pionk failed to cooperate with the FINRA investigation.   (FINRA Case #2009018512901)

    3.  Barred Over $3K in Fudged Expenses.   A registered rep in Knoxville, TN, agreed to be barred from the industry to settle FINRA charges she submitted false expense reports to her firm and the firm reimbursed her for non-business-related expenses in the total amount of $2,971.57.  Ms. Smith accomplished this feat by altering receipts and expense reimbursement requests for personal expenses to her firm to make it appear that she was meeting with customers in various locations.  (FINRA Case #2010021373001)