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BrokerCheck Report
MICHAEL ALCIDE POUTRE II
Section Title
Report Summary
Broker Qualifications
Registration and Employment History
Disclosure Events
CRD# 2482252
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2 - 3
4 - 5
6
Page(s)
About BrokerCheck®
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MICHAEL A. POUTRE II
CRD# 2482252
This broker is not currently registered.
Report Summary for this Broker
This report summary provides an overview of the broker's professional background and conduct. Additionalinformation can be found in the detailed report.
Disclosure Events
All individuals registered to sell securities or provideinvestment advice are required to disclose customercomplaints and arbitrations, regulatory actions,employment terminations, bankruptcy filings, andcriminal or civil judicial proceedings.
Are there events disclosed about this broker? Yes
The following types of disclosures have beenreported:
Type Count
Regulatory Event 4
Customer Dispute 4
Termination 2
Financial 1
Broker Comments
This broker has provided comments regardinginformation that is displayed in this report.
Has the broker provided comments? Yes
Investment Adviser RepresentativeInformation
https://www.adviserinfo.sec.gov
The information below represents the individual'srecord as a broker. For details on this individual'srecord as an investment adviser representative,visit the SEC's Investment Adviser PublicDisclosure website at
Broker Qualifications
This broker is not currently registered.
This broker has passed:
2 Principal/Supervisory Exams
2 General Industry/Product Exams
2 State Securities Law Exams
Registration History
This broker was previously registered with thefollowing securities firm(s):
BROOKSTONE SECURITIES, INC.CRD# 13366TARZANA, CA04/2009 - 04/2009
MAXXTRADE, INC.CRD# 106471LEXINGTON, KY09/2006 - 03/2009
GUNNALLEN FINANCIAL, INCCRD# 17609BEVERLY HILLS, CA02/2005 - 06/2006
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Broker Qualifications
Registrations
This section provides the self-regulatory organizations (SROs) and U.S. states/territories the broker is currentlyregistered and licensed with, the category of each license, and the date on which it became effective. This section alsoprovides, for every brokerage firm with which the broker is currently employed, the address of each branch where thebroker works.
This broker is not currently registered.
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Broker Qualifications
Industry Exams this Broker has Passed
This individual has passed 2 principal/supervisory exams, 2 general industry/product exams, and 2 statesecurities law exams.
This section includes all securities industry exams that the broker has passed. Under limited circumstances, a brokermay attain a registration after receiving an exam waiver based on exams the broker has passed and/or qualifying workexperience. Any exam waivers that the broker has received are not included below.
Exam Category Date
Principal/Supervisory Exams
Registered Options Principal Examination 03/03/2004Series 4
General Securities Principal Examination 03/28/2002Series 24
Exam Category Date
General Industry/Product Exams
Investment Company Products/Variable Contracts Representative Examination 07/01/1994Series 6
General Securities Representative Examination 01/30/1996Series 7
Exam Category Date
State Securities Law Exams
Uniform Securities Agent State Law Examination 09/23/1994Series 63
Uniform Investment Adviser Law Examination 02/07/1996Series 65
Additional information about the above exams or other exams FINRA administers to brokers and other securitiesprofessionals can be found at www.finra.org/brokerqualifications/registeredrep/.
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Registration and Employment History
Registration History
Registration Dates Firm Name CRD# Branch Location
The broker previously was registered with the following firms:
04/2009 - 04/2009 BROOKSTONE SECURITIES, INC. 13366 TARZANA, CA
09/2006 - 03/2009 MAXXTRADE, INC. 106471 LEXINGTON, KY
02/2005 - 06/2006 GUNNALLEN FINANCIAL, INC 17609 BEVERLY HILLS, CA
09/2004 - 03/2005 J.P. TURNER & COMPANY, L.L.C. 43177 ATLANTA, GA
08/2004 - 09/2004 SAXONY SECURITIES, INC. 115547 ST. LOUIS, MO
10/2001 - 09/2004 FIRST MONTAUK SECURITIES CORP. 13755 RED BANK, NJ
07/2001 - 11/2001 WELLS FARGO INVESTMENTS, LLC 10582 SAN FRANCISCO, CA
09/1999 - 07/2001 WELLS FARGO VAN KASPER, LLC 7665 SAN FRANCISCO, CA
01/1998 - 06/1999 PAINEWEBBER INCORPORATED 8174 WEEHAWKEN, NJ
11/1995 - 01/1998 SMITH BARNEY INC. 7059 NEW YORK, NY
06/1995 - 11/1995 FIMCO SECURITIES GROUP, INC. 30343 MEQUON, WI
09/1994 - 06/1995 GREAT WESTERN FINANCIAL SECURITIESCORPORATION
14229 NORTHRIDGE, CA
07/1994 - 09/1994 PRUCO SECURITIES CORPORATION 5685 NEWARK, NJ
Employment History
Employment Dates Employer Name Employer Location
This section provides up to 10 years of an individual broker's employment history as reported by the individual broker onthe most recently filed Form U4.
Please note that the broker is required to provide this information only while registered with FINRA or a nationalsecurities exchange and the information is not updated via Form U4 after the broker ceases to be registered.Therefore, an employment end date of "Present" may not reflect the broker's current employment status.
06/2006 - Present UNEMPLOYED BEVERLY HILLS, CA
09/2006 - 03/2009 MAXXTRADE, INC. LEXINGTON, KY
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Registration and Employment History
Other Business Activities
This section includes information, if any, as provided by the broker regarding other business activities the broker iscurrently engaged in either as a proprietor, partner, officer, director, employee, trustee, agent or otherwise. This sectiondoes not include non-investment related activity that is exclusively charitable, civic, religious or fraternal and isrecognized as tax exempt.
EPL;BOIM,POUTRE & CO.8383 WILSHIRE BLVD.SUITE 100BEVERLY HILLS , CA 90211
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Disclosure Events
What you should know about reported disclosure events:
1. All individuals registered to sell securities or provide investment advice are required to disclose customercomplaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings, and criminal or civiljudicial proceedings.
2. Certain thresholds must be met before an event is reported to CRD, for example: o A law enforcement agency must file formal charges before a broker is required to disclose a particular
criminal event. o A customer dispute must involve allegations that a broker engaged in activity that violates certain rules
or conduct governing the industry and that the activity resulted in damages of at least $5,000. o
3. Disclosure events in BrokerCheck reports come from different sources: o As mentioned at the beginning of this report, information contained in BrokerCheck comes from brokers,
brokerage firms and regulators. When more than one of these sources reports information for the samedisclosure event, all versions of the event will appear in the BrokerCheck report. The different versionswill be separated by a solid line with the reporting source labeled.
o4. There are different statuses and dispositions for disclosure events:
o A disclosure event may have a status of pending, on appeal, or final.§ A "pending" event involves allegations that have not been proven or formally adjudicated.§ An event that is "on appeal" involves allegations that have been adjudicated but are currently
being appealed.§ A "final" event has been concluded and its resolution is not subject to change.
o A final event generally has a disposition of adjudicated, settled or otherwise resolved.§ An "adjudicated" matter includes a disposition by (1) a court of law in a criminal or civil matter, or
(2) an administrative panel in an action brought by a regulator that is contested by the partycharged with some alleged wrongdoing.
§ A "settled" matter generally involves an agreement by the parties to resolve the matter. Pleasenote that brokers and brokerage firms may choose to settle customer disputes or regulatorymatters for business or other reasons.
§ A "resolved" matter usually involves no payment to the customer and no finding of wrongdoingon the part of the individual broker. Such matters generally involve customer disputes.
For your convenience, below is a matrix of the number and status of disclosure events involving this broker.Further information regarding these events can be found in the subsequent pages of this report. You also maywish to contact the broker to obtain further information regarding these events.
Final On AppealPending
Regulatory Event 0 4 0
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Customer Dispute 2 2 N/A
Termination N/A 2 N/A
Financial 0 1 N/A
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Disclosure Event Details
When evaluating this information, please keep in mind that a discloure event may be pending or involve allegationsthat are contested and have not been resolved or proven. The matter may, in the end, be withdrawn, dismissed,resolved in favor of the broker, or concluded through a negotiated settlement for certain business reasons (e.g., tomaintain customer relationships or to limit the litigation costs associated with disputing the allegations) with noadmission or finding of wrongdoing.
This report provides the information exactly as it was reported to CRD and therefore some of the specific data fieldscontained in the report may be blank if the information was not provided to CRD.
Regulatory - Final
This type of disclosure event may involve (1) a final, formal proceeding initiated by a regulatory authority (e.g., a statesecurities agency, self-regulatory organization, federal regulatory such as the Securities and Exchange Commission,foreign financial regulatory body) for a violation of investment-related rules or regulations; or (2) a revocation orsuspension of a broker's authority to act as an attorney, accountant, or federal contractor.
Disclosure 1 of 4
Reporting Source: Regulator
Regulatory Action InitiatedBy:
FINRA
Sanction(s) Sought: Other: N/A
Date Initiated: 07/16/2010
Docket/Case Number: 2008011759201
Employing firm when activityoccurred which led to theregulatory action:
MAXXTRADE, INC.
Product Type: Debt-Corporate
Allegations: NASD RULES 2110, 2440 - MICHAEL A. POUTRE PLACED ORDERS FOR THESALE OF CORPORATE BONDS AND PLACED CHARGES ON THE ORDERSFOR MARKUPS, WHICH WERE NOT FAIR AND REASONABLE, INCONSIDERATION OF THE FACTORS SET FORTH IN NASD INTERPRETATIVEMATERIAL 2440(B). POUTRE SOLICITED SECURITIES TRANSACTIONS INACTIVELY TRADED, LIQUID CORPORATE BOND TRANSACTIONS FORCUSTOMERS AND CHARGED THE CUSTOMERS MARKUPS ORMARKDOWNS THAT EXCEEDED 3% AND $400. MOST OF THETRANSACTIONS WERE LARGE AND, BECAUSE THEY INVOLVEDCORPORATE BONDS, A MARKUP OR MARKDOWN OVER 3% WOULD BECONSIDERED EXCESSIVE. THE CORPORATE BONDS INVOLVED WEREREADILY AVAILABLE AND INVOLVED LARGE TRANSACTIONS OF HIGHERPRICED SECURITIES, WHICH JUSTIFIED LOWER PERCENTAGE RATES. THEMARKUPS AND MARKDOWNS WERE NOT DISCLOSED TO THE CUSTOMERSAND THE NUMBER OF VIOLATIVE TRANSACTIONS ESTABLISHES APATTERN OF EXCESSIVE MARKUPS AND MARKDOWNS. NOTHING INPOUTRE'S OR HIS MEMBER FIRM'S BUSINESS ACTIVITIES JUSTIFIED THEMARKUPS OR MARKDOWNS OF OVER 3%.
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NASD RULES 2110, 2440 - MICHAEL A. POUTRE PLACED ORDERS FOR THESALE OF CORPORATE BONDS AND PLACED CHARGES ON THE ORDERSFOR MARKUPS, WHICH WERE NOT FAIR AND REASONABLE, INCONSIDERATION OF THE FACTORS SET FORTH IN NASD INTERPRETATIVEMATERIAL 2440(B). POUTRE SOLICITED SECURITIES TRANSACTIONS INACTIVELY TRADED, LIQUID CORPORATE BOND TRANSACTIONS FORCUSTOMERS AND CHARGED THE CUSTOMERS MARKUPS ORMARKDOWNS THAT EXCEEDED 3% AND $400. MOST OF THETRANSACTIONS WERE LARGE AND, BECAUSE THEY INVOLVEDCORPORATE BONDS, A MARKUP OR MARKDOWN OVER 3% WOULD BECONSIDERED EXCESSIVE. THE CORPORATE BONDS INVOLVED WEREREADILY AVAILABLE AND INVOLVED LARGE TRANSACTIONS OF HIGHERPRICED SECURITIES, WHICH JUSTIFIED LOWER PERCENTAGE RATES. THEMARKUPS AND MARKDOWNS WERE NOT DISCLOSED TO THE CUSTOMERSAND THE NUMBER OF VIOLATIVE TRANSACTIONS ESTABLISHES APATTERN OF EXCESSIVE MARKUPS AND MARKDOWNS. NOTHING INPOUTRE'S OR HIS MEMBER FIRM'S BUSINESS ACTIVITIES JUSTIFIED THEMARKUPS OR MARKDOWNS OF OVER 3%.
Current Status: Final
Resolution: Acceptance, Waiver & Consent(AWC)
Resolution Date: 07/16/2010
Sanctions Ordered:
Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?
No
Suspension
If the regulator is the SEC,CFTC, or an SRO, did theaction result in a finding of awillful violation or failure tosupervise?
No
(1) willfully violated anyprovision of the SecuritiesAct of 1933, the SecuritiesExchange Act of 1934, theInvestment Advisers Act of1940, the InvestmentCompany Act of 1940, theCommodity Exchange Act, orany rule or regulation underany of such Acts, or any ofthe rules of the MunicipalSecurities Rulemaking Board,or to have been unable tocomply with any provision ofsuch Act, rule or regulation?
(2) willfully aided, abetted,counseled, commanded,induced, or procured theviolation by any person ofany provision of theSecurities Act of 1933, theSecurities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule orregulation under any of suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board? or
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Regulator Statement WITHOUT ADMITTING OR DENYING THE FINDINGS, POUTRE CONSENTEDTO THE DESCRIBED SANCTION AND TO THE ENTRY OF FINDINGS;THEREFORE, HE IS SUSPENDED FROM ASSOCIATION WITH ANY FINRAMEMBER IN ANY CAPACITY FOR 30 DAYS. THE SUSPENSION IS IN EFFECTFROM AUGUST 2, 2010 THROUGH AUGUST 31, 2010.
(2) willfully aided, abetted,counseled, commanded,induced, or procured theviolation by any person ofany provision of theSecurities Act of 1933, theSecurities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule orregulation under any of suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board? or
(3) failed reasonably tosupervise another personsubject to your supervision,with a view to preventing theviolation by such person ofany provision of theSecurities Act of 1933, theSecurities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule orregulation under any suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board?
Capacities Affected: ANY CAPACITY
Duration: 30 DAYS
Start Date: 08/02/2010
End Date: 08/31/2010
Sanction 1 of 1
Sanction Type: Suspension
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Broker Comment: IN CONNECTION WITH THE EVENTS RELATED TO THIS DISCLOSURE ON MAY20, 2009, I FILED A LAWSUIT AGAINST MAXX TRADE IN THE UNITED STATESDISTRICT COURT FOR THE EASTERN DISTRICT OF KENTUCKY. I CLAIMEDAMONG OTHER THINGS, THAT THE PRINCIPAL OWNERS OF MAXX TRADEADDED, WITHOUT MY KNOWLEDGE, A SEPARATE COMMISSION ON TOP OFTHE FAIR AND REASONABLE COMMISSION I CHARGED MY BOND CLIENTS.THIS RESULTED IN THE IMPERMISSIBLE MARK-UPS THAT WERE THESUBJECT OF THIS DISCLOSURE.
I ALSO MADE THESE ALLEGATIONS IN CONNECTION WITH A PARALLEL FINRAARBITRATION AGAINST MAXX TRADE AND ITS PRINCIPALS. PURSUANT TOTHE ARBITRATION, ON FEBRUARY 15, 2011 I WAS AWARDED COMPENSATORYDAMAGES, INTEREST ATTORNEYS' FEES, AND COSTS WITH RESPECT TO MYCLAIMS AGAINST MAXX TRADE AND ITS PRINCIPALS.
Regulator Statement WITHOUT ADMITTING OR DENYING THE FINDINGS, POUTRE CONSENTEDTO THE DESCRIBED SANCTION AND TO THE ENTRY OF FINDINGS;THEREFORE, HE IS SUSPENDED FROM ASSOCIATION WITH ANY FINRAMEMBER IN ANY CAPACITY FOR 30 DAYS. THE SUSPENSION IS IN EFFECTFROM AUGUST 2, 2010 THROUGH AUGUST 31, 2010.
Disclosure 2 of 4
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Reporting Source: Regulator
Regulatory Action InitiatedBy:
FINRA
Sanction(s) Sought: Other: N/A
Date Initiated: 05/19/2010
Docket/Case Number: 2009017566301
Employing firm when activityoccurred which led to theregulatory action:
MAXXTRADE, INC.
Product Type: No Product
Allegations: FINRA RULES 2010, 8210: POUTRE FAILED TO PROVIDE A COMPLETERESPOND TO FINRA REQUESTS FOR INFORMATION AND DOCUMENTS IN APENDING INVESTIGATION CONCERNING HIS OUTSIDE BUSINESSACTIVITIES.
Current Status: Final
Resolution: Acceptance, Waiver & Consent(AWC)
Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?
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Resolution Date: 05/19/2010
Sanctions Ordered:
Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?
No
Civil and Administrative Penalty(ies)/Fine(s)Suspension
If the regulator is the SEC,CFTC, or an SRO, did theaction result in a finding of awillful violation or failure tosupervise?
No
(1) willfully violated anyprovision of the SecuritiesAct of 1933, the SecuritiesExchange Act of 1934, theInvestment Advisers Act of1940, the InvestmentCompany Act of 1940, theCommodity Exchange Act, orany rule or regulation underany of such Acts, or any ofthe rules of the MunicipalSecurities Rulemaking Board,or to have been unable tocomply with any provision ofsuch Act, rule or regulation?
(2) willfully aided, abetted,counseled, commanded,induced, or procured theviolation by any person ofany provision of theSecurities Act of 1933, theSecurities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule orregulation under any of suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board? or
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(2) willfully aided, abetted,counseled, commanded,induced, or procured theviolation by any person ofany provision of theSecurities Act of 1933, theSecurities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule orregulation under any of suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board? or
(3) failed reasonably tosupervise another personsubject to your supervision,with a view to preventing theviolation by such person ofany provision of theSecurities Act of 1933, theSecurities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule orregulation under any suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board?
Capacities Affected: ALL CAPACITIES
Duration: TWO YEARS
Start Date: 06/07/2010
End Date: 06/06/2012
Sanction 1 of 1
Sanction Type: Suspension
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Broker Comment: IN CONNECTION WITH THE EVENTS RELATED TO THIS DISCLOSURE, ON MAY20, 2009, I FILED A LAWSUIT AGAINST MAXX TRADE IN THE UNITED STATESDISTRICT COURT FOR THE EASTERN DISTRICT OF KENTUCKY. I CLAIMEDAMONG OTHER THINGS, THAT THE PRINCIPAL OWNERS OF MAXX TRADEFILED CLAIMS WITH FINRA THAT WERE INACCURATE AND DEFAMATORYRESULTING IN I BECOMING THE SUBJECT OF THE FINRA INQUIRY THAT WASTHE SUBJECT OF THIS DISCLOSURE.
I ALSO MADE THESE ALLEGATIONS IN CONNECTION WITH A PARALLEL FINRAARBITRATION AGAINST MAXX TRADE AND ITS PRINCIPALS. PURSUANT TOTHE ARBITRATION, ON FEBRUARY 15, 2011 I WAS AWARDED COMPENSATORYDAMAGES, INTEREST, ATTORNEYS' FEES, AND COSTS WITH RESPECT TO MYCLAIMS AGAINST MAXX TRADE AND ITS PRINCIPALS.
Regulator Statement WITHOUT ADMITTING OR DENYING THE FINDINGS, POUTRE CONSENTEDTO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS;THEREFORE, HE IS FINED $5,000 AND SUSPENDED FROM ASSOCIATIONWITH ANY FINRA MEMBER IN ANY CAPACITY FOR TWO YEARS. THE FINE ISDUE AND PAYABLE EITHER IMMEDIATELY UPON RE-ASSOCIATION WITH AMEMBER FIRM FOLLOWING HIS SUSPENSION OR PRIOR TO ANY REQUESTFOR RELIEF FROM ANY STATUTORY DISQUALIFICATION RESULTING FROMTHIS OR ANY OTHER EVENT OR PROCEEDING, WHICHEVER IS EARLIER.THE SUSPENSION IS IN EFFECT FROM JUNE 7, 2010, THROUGH JUNE 6,2012.
Monetary Related Sanction: Civil and Administrative Penalty(ies)/Fine(s)
Total Amount: $5,000.00
Portion Levied againstindividual:
$5,000.00
Date Paid by individual:
Was any portion of penaltywaived?
No
Amount Waived:
Monetary Sanction 1 of 1
Payment Plan:
Is Payment Plan Current: No
Disclosure 3 of 4
i
Reporting Source: Regulator
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Regulatory Action InitiatedBy:
MASSACHUSETTS
Sanction(s) Sought: Denial
Other Sanction(s) Sought:
Date Initiated: 08/08/2007
Docket/Case Number: R-2007-66
Employing firm when activityoccurred which led to theregulatory action:
MAXXTRADE, INC.
Product Type: No Product
Other Product Type(s):
Allegations: ON OR ABOUT JULY 9, 2007, MAXXTRADE, INC. ("MTI") SUBMITTED TO THECRD OF THE NASD AN APPLICATION (THE "APPLICATION") FOR SECURITIESINDUSTRY REGISTRATION SEEKING REGISTRATION OF POUTRE AS ANAGENT OF MTI IN MASSACHUSETTS. ON JULY 19, 2007, THE DIVISION SENTA LETTER REQUESTING ADDITIONAL INFORMATION REGARDING MR.POUTRE'S APPLICATION FROM MTI.POUTRE FILED AN APPLICATION FOR REGISTRATION AS A BROKER-DEALER AGENT OF MTI IN MASSACHUSETTS WHICH WAS MATERIALLYINCOMPLETE. THAT FACT CONSTITUTES GROUNDS FOR DENYINGPOUTRE'S APPLICATION FOR REGISTRATION AS A BROKER-DEALERAGENT OF MTI IN MASSACHUSETTS, PURSUANT TO M.G.L. C. 110A,204(A)(2)(A).
Current Status: Final
Resolution: Order
Resolution Date: 12/10/2007
Sanctions Ordered:
Other Sanctions Ordered: THE PRESIDING OFFICER FOUND THE RELIEF REQUESTED BY THELICENSING SECTION IS IN THE PUBLICINTEREST, POUTRE AND MTI TO BE IN DEFAULT OF THE DIVISION'SADMINISTRATIVE COMPLAINT OFAUGUST 8, 2007, AND THE ALLEGATIONS AND CHARGES SET FORTH INTHE ADMINISTRATIVE COMPLAINT,ISSUED THIS ALLOWANCE OF MOTION FOR DEFAULT, DEFAULT ORDERAND ORDER DENYING BROKER-DEALER AGENT REGISTRATION WITH RESPECT TO RESPONDENTPOUTRE; AND DENIED THE APPLICATIONFOR REGISTRATION OF MICHAEL POUTRE II AS A BROKER-DEALER AGENTOF MAXXTRADE, INC. IN THECOMMONWEALTH OF MASSACHUSETTS.
Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?
No
Revocation/Expulsion/Denial
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THE PRESIDING OFFICER FOUND THE RELIEF REQUESTED BY THELICENSING SECTION IS IN THE PUBLICINTEREST, POUTRE AND MTI TO BE IN DEFAULT OF THE DIVISION'SADMINISTRATIVE COMPLAINT OFAUGUST 8, 2007, AND THE ALLEGATIONS AND CHARGES SET FORTH INTHE ADMINISTRATIVE COMPLAINT,ISSUED THIS ALLOWANCE OF MOTION FOR DEFAULT, DEFAULT ORDERAND ORDER DENYING BROKER-DEALER AGENT REGISTRATION WITH RESPECT TO RESPONDENTPOUTRE; AND DENIED THE APPLICATIONFOR REGISTRATION OF MICHAEL POUTRE II AS A BROKER-DEALER AGENTOF MAXXTRADE, INC. IN THECOMMONWEALTH OF MASSACHUSETTS.
Sanction Details: ON DECEMBER 10, 2007, THE PRESIDING OFFICER FOUND THE RELIEFREQUESTED BY THE LICENSINGSECTION IS IN THE PUBLIC INTEREST, POUTRE AND MTI TO BE IN DEFAULTOF THE DIVISION'SADMINISTRATIVE COMPLAINT OF AUGUST 8, 2007, AND THE ALLEGATIONSAND CHARGES SET FORTH INTHE ADMINISTRATIVE COMPLAINT, ISSUED THIS ALLOWANCE OF MOTIONFOR DEFAULT, DEFAULT ORDERAND ORDER DENYING BROKER-DEALER AGENT REGISTRATION WITHRESPECT TO RESPONDENT POUTRE;AND DENIED THE APPLICATION FOR REGISTRATION OF MICHAEL POUTREII AS A BROKER-DEALER AGENT OFMAXXTRADE, INC. IN THE COMMONWEALTH OF MASSACHUSETTS.
Regulator Statement ON OR ABOUT JULY 9, 2007, MAXXTRADE, INC. ("MTI") SUBMITTED TO THECRD OF THE NASD AN APPLICATION (THE "APPLICATION") FOR SECURITIESINDUSTRY REGISTRATION SEEKING REGISTRATION OF POUTRE AS ANAGENT OF MTI IN MASSACHUSETTS. ON JULY 19, 2007, THE DIVISION SENTA LETTER REQUESTING ADDITIONAL INFORMATION REGARDING MR.POUTRE'S APPLICATION FROM MTI.POUTRE FILED AN APPLICATION FOR REGISTRATION AS A BROKER-DEALER AGENT OF MTI IN MASSACHUSETTS WHICH WAS MATERIALLYINCOMPLETE. THAT FACT CONSTITUTES GROUNDS FOR DENYINGPOUTRE'S APPLICATION FOR REGISTRATION AS A BROKER-DEALERAGENT OF MTI IN MASSACHUSETTS, PURSUANT TO M.G.L. C. 110A,204(A)(2)(A).ON DECEMBER 10, 2007, THE PRESIDING OFFICER FOUND THE RELIEFREQUESTED BY THE LICENSINGSECTION IS IN THE PUBLIC INTEREST, POUTRE AND MTI TO BE IN DEFAULTOF THE DIVISION'SADMINISTRATIVE COMPLAINT OF AUGUST 8, 2007, AND THE ALLEGATIONSAND CHARGES SET FORTH INTHE ADMINISTRATIVE COMPLAINT, ISSUED THIS ALLOWANCE OF MOTIONFOR DEFAULT, DEFAULT ORDERAND ORDER DENYING BROKER-DEALER AGENT REGISTRATION WITHRESPECT TO RESPONDENT POUTRE;AND DENIED THE APPLICATION FOR REGISTRATION OF MICHAEL POUTREII AS A BROKER-DEALER AGENT OFMAXXTRADE, INC. IN THE COMMONWEALTH OF MASSACHUSETTS.
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ON OR ABOUT JULY 9, 2007, MAXXTRADE, INC. ("MTI") SUBMITTED TO THECRD OF THE NASD AN APPLICATION (THE "APPLICATION") FOR SECURITIESINDUSTRY REGISTRATION SEEKING REGISTRATION OF POUTRE AS ANAGENT OF MTI IN MASSACHUSETTS. ON JULY 19, 2007, THE DIVISION SENTA LETTER REQUESTING ADDITIONAL INFORMATION REGARDING MR.POUTRE'S APPLICATION FROM MTI.POUTRE FILED AN APPLICATION FOR REGISTRATION AS A BROKER-DEALER AGENT OF MTI IN MASSACHUSETTS WHICH WAS MATERIALLYINCOMPLETE. THAT FACT CONSTITUTES GROUNDS FOR DENYINGPOUTRE'S APPLICATION FOR REGISTRATION AS A BROKER-DEALERAGENT OF MTI IN MASSACHUSETTS, PURSUANT TO M.G.L. C. 110A,204(A)(2)(A).ON DECEMBER 10, 2007, THE PRESIDING OFFICER FOUND THE RELIEFREQUESTED BY THE LICENSINGSECTION IS IN THE PUBLIC INTEREST, POUTRE AND MTI TO BE IN DEFAULTOF THE DIVISION'SADMINISTRATIVE COMPLAINT OF AUGUST 8, 2007, AND THE ALLEGATIONSAND CHARGES SET FORTH INTHE ADMINISTRATIVE COMPLAINT, ISSUED THIS ALLOWANCE OF MOTIONFOR DEFAULT, DEFAULT ORDERAND ORDER DENYING BROKER-DEALER AGENT REGISTRATION WITHRESPECT TO RESPONDENT POUTRE;AND DENIED THE APPLICATION FOR REGISTRATION OF MICHAEL POUTREII AS A BROKER-DEALER AGENT OFMAXXTRADE, INC. IN THE COMMONWEALTH OF MASSACHUSETTS.
iReporting Source: Broker
Regulatory Action InitiatedBy:
MASS.
Sanction(s) Sought: Denial
Other Sanction(s) Sought:
Date Initiated: 08/08/2007
Docket/Case Number: R-2007-66
Employing firm when activityoccurred which led to theregulatory action:
GUNN ALLEN
Product Type: No Product
Other Product Type(s):
Allegations: ON OR ABOUT JULY 9, 2007, MAXXTRADE, INC. ("MTI") SUBMITTED TO THECRD OF THE NASD AN APPLICATION (THE "APPLICATION") FOR SECURITIESINDUSTRY REGISTRATION SEEKING REGISTRATION OF POUTRE AS ANAGENT OF MTI IN MASSACHUSETTS. ON JULY 19, 2007, THE DIVISION SENTA LETTER REQUESTING ADDITIONAL INFORMATION REGARDING MR.POUTRE'S APPLICATION FROM MTI. POUTRE FILED AN APPLICATION FORREGISTRATION AS A BROKER-DEALER AGENT OF MTI IN MASSACHUSETTSWHICH WAS MATERIALLY INCOMPLETE. THAT FACT CONSTITUTESGROUNDS FOR DENYING POUTRE'S APPLICATION FOR REGISTRATION ASA BROKER-DEALER AGENT OF MTI IN MASSACHUSETTS, PURSUANT TOM.G.L. C. 110A, 204(A)(2)(A). ON DECEMBER 10, 2007, THE PRESIDINGOFFICER FOUND THE RELIEF REQUESTED BY THE LICENSING SECTION ISIN THE PUBLIC INTEREST, POUTRE AND MTI TO BE IN DEFAULT OF THEDIVISION'S ADMINISTRATIVE COMPLAINT OF AUGUST 8, 2007, AND THEALLEGATIONS AND CHARGES SET FORTH IN THE ADMINISTRATIVECOMPLAINT, ISSUED THIS ALLOWANCE OF MOTION FOR DEFAULT,DEFAULT ORDER AND ORDER DENYING BROKER-DEALER AGENTREGISTRATION WITH RESPECT TO RESPONDENT POUTRE; AND DENIEDTHE APPLICATION FOR REGISTRATION OF MICHAEL POUTRE II AS ABROKER-DEALER AGENT OF MAXXTRADE, INC. IN THE COMMONWEALTHOF MASSACHUSETTS.
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ON OR ABOUT JULY 9, 2007, MAXXTRADE, INC. ("MTI") SUBMITTED TO THECRD OF THE NASD AN APPLICATION (THE "APPLICATION") FOR SECURITIESINDUSTRY REGISTRATION SEEKING REGISTRATION OF POUTRE AS ANAGENT OF MTI IN MASSACHUSETTS. ON JULY 19, 2007, THE DIVISION SENTA LETTER REQUESTING ADDITIONAL INFORMATION REGARDING MR.POUTRE'S APPLICATION FROM MTI. POUTRE FILED AN APPLICATION FORREGISTRATION AS A BROKER-DEALER AGENT OF MTI IN MASSACHUSETTSWHICH WAS MATERIALLY INCOMPLETE. THAT FACT CONSTITUTESGROUNDS FOR DENYING POUTRE'S APPLICATION FOR REGISTRATION ASA BROKER-DEALER AGENT OF MTI IN MASSACHUSETTS, PURSUANT TOM.G.L. C. 110A, 204(A)(2)(A). ON DECEMBER 10, 2007, THE PRESIDINGOFFICER FOUND THE RELIEF REQUESTED BY THE LICENSING SECTION ISIN THE PUBLIC INTEREST, POUTRE AND MTI TO BE IN DEFAULT OF THEDIVISION'S ADMINISTRATIVE COMPLAINT OF AUGUST 8, 2007, AND THEALLEGATIONS AND CHARGES SET FORTH IN THE ADMINISTRATIVECOMPLAINT, ISSUED THIS ALLOWANCE OF MOTION FOR DEFAULT,DEFAULT ORDER AND ORDER DENYING BROKER-DEALER AGENTREGISTRATION WITH RESPECT TO RESPONDENT POUTRE; AND DENIEDTHE APPLICATION FOR REGISTRATION OF MICHAEL POUTRE II AS ABROKER-DEALER AGENT OF MAXXTRADE, INC. IN THE COMMONWEALTHOF MASSACHUSETTS.
Current Status: Final
Resolution: Order
Resolution Date: 12/12/2007
Sanctions Ordered:
Other Sanctions Ordered: THE PRESIDING OFFICER FOUND THE RELIEF REQUESTED BY THELICENSING SECTION IS IN THE PUBLIC INTEREST, POUTRE AND MTI TO BEIN DEFAULT OF THE DIVISION'S ADMINISTRATIVE COMPLAINT OF AUGUST8, 2007, AND THE ALLEGATIONS AND CHARGES SET FORTH IN THEADMINISTRATIVE COMPLAINT, ISSUED THIS ALLOWANCE OF MOTION FORDEFAULT, DEFAULT ORDER AND ORDER DENYING BROKER- DEALERAGENT REGISTRATION WITH RESPECT TO RESPONDENT POUTRE; ANDDENIED THE APPLICATION FOR REGISTRATION OF MICHAEL POUTRE II ASA BROKER-DEALER AGENT OF MAXXTRADE, INC. IN THE COMMONWEALTHOF MASSACHUSETTS
Sanction Details: ON DECEMBER 10, 2007, THE PRESIDING OFFICER FOUND THE RELIEFREQUESTED BY THE LICENSING SECTION IS IN THE PUBLIC INTEREST,POUTRE AND MTI TO BE IN DEFAULT OF THE DIVISION'S ADMINISTRATIVECOMPLAINT OF AUGUST 8, 2007, AND THE ALLEGATIONS AND CHARGESSET FORTH IN THE ADMINISTRATIVE COMPLAINT, ISSUED THISALLOWANCE OF MOTION FOR DEFAULT, DEFAULT ORDER AND ORDERDENYING BROKER-DEALER AGENT REGISTRATION WITH RESPECT TORESPONDENT POUTRE; AND DENIED THE APPLICATION FORREGISTRATION OF MICHAEL POUTRE II AS A BROKER-DEALER AGENT OFMAXXTRADE, INC. IN THE COMMONWEALTH OF MASSACHUSETTS.
Revocation/Expulsion/Denial
Disclosure 4 of 4
i
Reporting Source: Regulator
Regulatory Action InitiatedBy:
NASD
Sanction(s) Sought:
Date Initiated: 03/17/2006
Docket/Case Number: E9B20040410
Employing firm when activityoccurred which led to theregulatory action:
FIRST MONTAUK SECURITIES CORP.
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Product Type: No Product
Allegations: NASD 2110 AND 8210: POUTRE FAILED TO PROVIDE COMPLETE ANDTIMELY INFORMATION TO NASD STAFF DURING ON-SITE EXAMINATION.
Current Status: Final
Resolution: Decision & Order of Offer of Settlement
Resolution Date: 11/08/2006
Sanctions Ordered:
Regulator Statement WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, RESPONDENTCONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OFFINDINGS; THEREFORE, HE IS FINED $5,000 AND SUSPENDED FROMASSOCIATION WITH ANY NASD MEMBER IN ANY CAPACITY FOR 10BUSINESS DAYS. THE SUSPENSION IN ANY CAPACITY WILL BE IN EFFECTFROM DECEMBER 4, 2006 THROUGH DECEMBER 15, 2006. FINES PAID.
Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?
No
Civil and Administrative Penalty(ies)/Fine(s)Suspension
iReporting Source: Broker
Regulatory Action InitiatedBy:
NASD BOSTON DISTRICT OFFICE
Sanction(s) Sought: Other
Other Sanction(s) Sought: SANCTIONS ON THE RESPONDENT ACCORDING TO NASD RULE 8310 ANDAN ORDER IMPOSING COSTS DEEMED FAIR AND APPROPRIATE INACCORDANCE WITH NASD RULE 8330.
Date Initiated: 03/17/2006
Docket/Case Number: E9B20040410
Employing firm when activityoccurred which led to theregulatory action:
FIRST MONTAUK
Product Type: Other
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Broker Comment: IN CONNECTION WITH THE EVENTS RELATED TO THIS DISCLOSURE, MYOFFICE WAS SUBJECT TO AN UNANNOUNCED BRANCH OFFICE EXAMINATIONWHEREBY NASD STAFF REQUIRED IMMEDIATE ACCESS TO EMAILS ANDOTHER ELECTRONIC COMMUNICATIONS. CERTAIN EMAILS, WHICH ICONSIDERED PERSONAL, HAD BEEN DELETED PRIOR TO THE ARRIVAL OFNASD STAFF. I ARRANGED FOR THE OFFICE'S IT ADMINISTRATOR TORETRIEVE THE DELETED EMAILS AND PROVIDED THEM TO NASD LESS THAN24 HOURS LATER. THE CONTENT OF THE EMAILS WERE NOT THE SUBJECTOF THE OFFER AND ORDER, ONLY THEIR UNAVAILABILITY TO NASD DURINGTHEIR UNANNOUNCED EXAMINATION.
Other Product Type(s):
Allegations: ON AUGUST 9, 2004, AS PART OF AN NASD EXAMINATION OF POUTRE'SOFFICE, THE NASD EXAMINERS PROVIDED POUTRE AN 8210 LETTER THATORDERED HIM TO PROVIDE IMMEDIATE ACCESS TO ANY AND ALL E-MAILS.AFTER RECEIVING THE 8210 LETTER, BUT BEFORE PROVIDING ACCESS,MR. POUTRE DELETED CERTAIN BUSINESS RELATED E-MAILS FROM HISOFFICE COMPUTER. SUCH ACTS AND PRACTICES CONSTITUTEVIOLATIONS OF NASD PROCEEDURAL RULES 8210 AND 2110.
Current Status: Final
Resolution: Decision & Order of Offer of Settlement
Resolution Date: 11/08/2006
Sanctions Ordered:
Other Sanctions Ordered:
Sanction Details: WITHOUT ADMITTING OR DENYING THE ALLIGATION, RESPONDAENTCONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OFFINDINGS:THEREFORE , HE IS FINED $5,0000.00 AND SUSPENDED FRO MASSOCIATION WITH ANY NASD MEMBER IN ANY COPACITY FOR TENBUSINESS DAYS. THE SUSPEAION IN ANY COPACITY WILL BE IN EFFECTFROM DEC 4, 2006 THROUGH DEC 15,2006.
Broker Statement MR. POUTRE DELETED FROM HIS OFFICE PC, BUT NOT FROM THEBRANCH OFFICE'S SERVER, CERTAIN SPAM, PERSONAL AND NON-BUSINESS RELATED E-MAILS. MR. POUTRE PROVIDED THE EXAMINERSWITH ALL E-MAILS. IMCLUDING THE DELETED E-MAILS, THE NEXT DAY. THEMATTER IS AT THE PREHEARING STAGE.
Monetary/Fine $5,000.00Suspension
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Customer Dispute - Settled
This type of disclosure event involves a consumer-initiated, investment-related complaint, arbitration proceeding or civilsuit containing allegations of sale practice violations against the broker that resulted in a monetary settlement to thecustomer.
Disclosure 1 of 2
Reporting Source: Broker
Employing firm whenactivities occurred which ledto the complaint:
Allegations:
FIRST MONTAUK SECURITIES CORP.
CLIENTS ALLEGE UNSUITABILITY IN CONNECTION WITH TRANSACTIONS INMUTUAL FUNDS
Product Type: Mutual Fund(s)
Alleged Damages: $10,000.00
Date Complaint Received: 07/09/2004
Complaint Pending? No
Status:
Status Date: 07/09/2004
Settlement Amount: $2,500.00
Individual ContributionAmount:
$0.00
Arbitration/Reparation Claimfiled with and Docket/CaseNo.:
NASD ARBITRATION #04-03973
Date Notice/Process Served: 07/09/2004
Arbitration Pending? No
Disposition: Settled
Disposition Date: 08/30/2005
Monetary CompensationAmount:
$2,500.00
Customer Complaint Information
Arbitration Information
Individual ContributionAmount:
$0.00
Settled
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Broker Statement THE FIRM AND THE BROKER DENY THE ALLEGATIONS. ALLRECOMMENDATIONS MADE TO THE CLIENTS WERE SUITABLE GIVENTHEIR INVESTMENT OBJECTIVES AND FINANCIAL PROFILE. THECLAIMANTS ARE ATTEMPTING TO BLAME OTHER FOR THEIR OWNINVESTMENT DECISIONS.
Disclosure 2 of 2
i
Reporting Source: Firm
Employing firm whenactivities occurred which ledto the complaint:
Allegations:
PAINEWEBBER INC.
CLIENT ALLEGES PAINEWEBBER FA PURCHASED $110,000 OF AOL STOCKWHEN CLIENT AUTHORIZED THE PURCHASE OF $40,000 CAUSING HIM TOLOSE $23,000. TIME PERIOD 5/1999.
Product Type: Equity Listed (Common & Preferred Stock)
Alleged Damages: $23,000.00
Date Complaint Received: 06/01/1999
Complaint Pending? No
Status:
Status Date: 07/08/1999
Settlement Amount: $15,384.38
Individual ContributionAmount:
$0.00
Firm Statement PAINEWEBBER SETTLED THIS MATTER BY BUSTING THE TRADES INQUESTION IN THE AMOUNT OF $15,384.38
Customer Complaint Information
Settled
iReporting Source: Broker
Employing firm whenactivities occurred which ledto the complaint:
Allegations:
PAINE WEBBER
CLIENT ALLEGED AN UNAUTHORIZED TRADE. FIRM SETTLED WITH CLIENT.
Product Type: Equity Listed (Common & Preferred Stock)
$23,000.0022©2018 FINRA. All rights reserved. Report about MICHAEL A. POUTRE II.
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Alleged Damages: $23,000.00
Date Complaint Received: 05/28/1999
Complaint Pending? No
Status:
Status Date: 07/08/1999
Settlement Amount: $15,384.38
Individual ContributionAmount:
$0.00
Broker Statement PAINWEBBER SETTLED THIS MATTER SO AS TO AVOID THE TIME ANDEXPENSE OF POSSIBLE LITIGATION AND NOT AS AN ADMISSION OFLIABILITY. MR. POUTRE WAS NOT ASKED TO CONTRIBUTE TO THE AWARD.
Customer Complaint Information
Settled
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Customer Dispute - Pending
This type of disclosure event involves (1) a pending consumer-initiated, investment-related arbitration or civil suit thatcontains allegations of sales practice violations against the broker; or (2) a pending, consumer-initiated, investment-related written complaint containing allegations that the broker engaged in, sales practice violations resulting incompensatory damages of at least $5,000, forgery, theft, or misappropriation, or conversion of funds or securities.
Disclosure 1 of 2
Reporting Source: Firm
Employing firm whenactivities occurred which ledto the complaint:
Allegations:
UBS FINANCIAL SERVICES INC
PLAINTIFF, AN EARLY-STATGE INVESTOR IN TOUCHTUNES MUSIC CORP.,ALLEGES THAT THE DEFANDANTS TOUCHTUNES MUSIC INC.,VARIOUS INSIDERS OF TOUCHTUNES AND UBS AND PAINEWEBBERENGAGED IN 'MINORITY SHAREHOLDER ABUSE, OPPRESSION, FRAUD ANDSQUEEZE-OUT.' PLAINTIFF ALLEGES THAT PLANINTFF MADE HIS INITIALPURCHASE OF THE TOUCHTUNES SHARES IN 1998 AFTER RECIEVINGRESEARCH AND ADVICE FROM HIS PAINEWEBBER SECURITIES BROKERREGARDING TOUCHTUNES. TIME FRAME: 1998-2006.
Product Type: Other: EQUITIES
Alleged Damages: $12,000,000.00
Date Complaint Received: 07/15/2013
Complaint Pending? Yes
Settlement Amount:
Individual ContributionAmount:
Customer Complaint Information
Is this an oral complaint? No
Is this a written complaint? No
Is this an arbitration/CFTCreparation or civil litigation?
Yes
Arbitration/Reparation forumor court name and location:
U.S. DISTRICT COURT FOR THE CENTRAL DISTRICT OF CALIFORNIA
Docket/Case #: CV 13-4752
Filing date ofarbitration/CFTC reparationor civil litigation:
07/15/2013
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Individual ContributionAmount:
Disclosure 2 of 2
i
Reporting Source: Firm
Employing firm whenactivities occurred which ledto the complaint:
Allegations:
JP TURNER, MAXXTRADE, INC, GUNNALLEN FINACIAL AND BROOKSTONESECURITIES
UNSUITABLE RECOMMENDATIONS, MISREPESENTATION, FRAUD ANDUNAUTHORIZED TRADES.
Product Type: Equity-OTC
Alleged Damages: $124,000.00
Date Notice/Process Served: 05/10/2010
Arbitration Pending? Yes
Arbitration Information
Arbitration/CFTC reparationclaim filed with (FINRA, AAA,CFTC, etc.):
FINRA
Docket/Case #: CASE #10-01359
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Employment Separation After Allegations
This type of disclosure event involves a situation where the broker voluntarily resigned, was discharged, or was permittedto resign after being accused of (1) violating investment-related statutes, regulations, rules or industry standards ofconduct; (2) fraud or the wrongful taking of property; or (3) failure to supervise in connection with investment-relatedstatutes, regulations, rules, or industry standards of conduct.
Disclosure 1 of 2
Reporting Source: Firm
Employer Name: FIRST MONTAUK SECURITIES CORP.
Termination Type: Permitted to Resign
Termination Date: 08/31/2004
Allegations: PERMITTED TO RESIGN FOR CONDUCT DURING AN NASD EXAM IN MR.POURTRE'S OFFICE
Product Type: No Product
Other Product Types:
iReporting Source: Broker
Employer Name: FIRST MONTAUK SECURITIES CORP.
Termination Type: Permitted to Resign
Termination Date: 08/31/2004
Allegations: PERMITTED TO RESIGN FOR CONDUCT DURING AN NASD EXAM IN MR.POUTRE'S OFFICE
Product Type: No Product
Other Product Types:
Disclosure 2 of 2
i
Reporting Source: Broker
Employer Name: PAINE WEBBER
Termination Type: Discharged
Termination Date: 06/02/1999
Allegations: UNAUTHORIZED TRADE
Product Type: Equity Listed (Common & Preferred Stock)
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Other Product Types:
Broker Statement CLIENT AND BROKER FILLED OUT DESCRETIONARY PAPERS.MANAGERDENIED DESCRETIONARY POWERS.CLIENT GAVE AUTHORIZATION TOPURCHASE 400 SHARES AMERICA ONLINE (AOL) FOR A TRADE. BROKERWANTED TO PURCHASE AN ADDITIONAL 400 SHARES.BROKER COULD NOTFIND CLIENT.CLIENT HAD EARLIER GIVEN VERBAL INSTRUCTIONS TO DOWHATEVER WAS NEEDED.BROKER PURCHASED ADDITIONAL 400 SHARESOF AOL BASED ON EARLIER INSTRUCTIONS BUT WITHOUT SPECIFICAUTHORITY TO DO SO.CLIENT CLAIMED UNAUTHORIZED TRADE.
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Financial - Final
This type of disclosure event involves a bankruptcy, compromise with one or more creditors, or Securities InvestorProtection Corporation liquidation involving the broker or an organization/brokerage firm the broker controlled thatoccurred within the last 10 years.
Disclosure 1 of 1
Reporting Source: Regulator
Action Type: Bankruptcy
Action Date: 09/23/2009
Organization Investment-Related?
Action Pending? No
Disposition: Discharged
Disposition Date: 11/16/2010
Proceedings in FINRA Arbitration Cases #10-01359 and 08-01327 against MichaelPoutre were stayed by Bankruptcy proceedings in the U.S. Bankruptcy Court,Central District of California, Case #1:09-bk-22529-KT.
Regulator Statement
Bankruptcy: Chapter 7
Type of Court: Federal Court
Name of Court: U.S. Bankruptcy Court, Central District of California
Location of Court: California
Docket/Case #: 1:09-bk-22529-KT
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