According to a FINRA Discplinary Action announcement, Monte Kim Miron (CRD #853546, Broken Arrow, Oklahoma) recently submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity.
Without admitting or denying the findings, Miron consented to the sanction and to the entry of findings that he made unauthorized trades in the accounts of his member firm’s customers. The findings stated that Miron did not obtain written authorization to make these trades prior to executing them, and the firm did not allow registered representatives to have control, either formally or informally, over client accounts. Miron mismarked the unauthorized trades as unsolicited. By not properly marking the trades in question as solicited, Miron caused the firm’s books and records to be inaccurate. The findings also stated that Miron was the subject of credit compromises that required reporting on his Uniform Application for Securities Industry Registration or Transfer (Form U4) within the 30-day time period after learning of the facts and circumstances giving rise to the amendment. In each instance, Miron willfully failed to timely update his Form U4 by disclosing the credit compromise.
FINRA Case #2012033979801.
According to Miron’s FINRA Broker Report, he was employed by MML Investors Services from September 2012 through February 2013, by AXA Advisors from December 2007 through September 2012, and Metlife Securities from February 2005 through January 2008. His Broker Report also indicates that he was the broker of record in three customer disputes.
The foregoing information, which is all publicly available on FINRA’s website, is being provided by The White Law Group.
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