Richard A Geiger 1997 denied license yet had an OTC TRADING CORPORATION active in OHIO!!!!!
WHAT IS WRONG WITH THIS PICTURE?
Whereas, on May 9, 1997, the Division issued Division Order No. 97-156 ("Order") against Richard Geiger ("Respondent"), whose address is 1056 Gateshead Way, Westerville, Ohio 43081,
Message 16940545
sierrabrokerage.com
OHIO OTC TRADING INC
1056 Gateshead Way
Westerville, OH 43081-4700
County/FIPS: Franklin
Prior Name
OHIO OTC TRADING, INC.
Change Date
May 22 2000
Current Name
ILLINOIS OTC TRADING, INC.
serform2.sos.state.oh.us
serform2.sos.state.oh.us
serform.sos.state.oh.us@Imge+Destype=Cache+Tolerance=5+Desformat=Pdf+Din=200016601860
NASD Registered Person: RICHARD GEIGER
CRD Number: 873869
*************** PREVIOUS EMPLOYMENT (1 of 9) ***************
Employing Firm: SIERRA BROKERAGE SERVICES, INC.
Firm CRD Number: 36573
Office of Employment address: COLUMBUS, OH
Start Date: 04/1997 End Date: 07/2002
*************** PREVIOUS EMPLOYMENT (2 of 9) ***************
Employing Firm: AISCO TRADING, INC.
Firm CRD Number: 40901
Office of Employment address: EAST PEORIA, IL
Start Date: 04/1996 End Date: 04/1997
*************** PREVIOUS EMPLOYMENT (3 of 9) ***************
Employing Firm: AMERICAN INVESTMENT SERVICES, INC.
Firm CRD Number: 21111
Office of Employment address: EAST PEORIA, IL
Start Date: 02/1996 End Date: 04/1996
*************** PREVIOUS EMPLOYMENT (4 of 9) ***************
Employing Firm: LEXINGTON SECURITIES, INC.
Firm CRD Number: 13102
Office of Employment address: CHICAGO, IL
Start Date: 06/1995 End Date: 10/1995
*************** PREVIOUS EMPLOYMENT (5 of 9) ***************
Employing Firm: OHIO OTC TRADING, INC.
Firm CRD Number: 36256
Office of Employment address: WESTERVILLE, OH
Start Date: 09/1993 End Date: 08/1995
*************** PREVIOUS EMPLOYMENT (6 of 9) ***************
Employing Firm: DIVERSIFIED CAPITAL MARKETS, INC.
Firm CRD Number: 29320
Office of Employment address: COLUMBUS, OH
Start Date: 01/1992 End Date: 08/1993
*************** PREVIOUS EMPLOYMENT (7 of 9) ***************
Employing Firm: UNEMPLOYED
Firm CRD Number:
Office of Employment address: NOT GIVEN
Start Date: 10/1995 End Date: 02/1996
NASD Public Disclosure Program August 27, 2002 Page 3
This information is current as of: 08/27/2002
________________________________________________________________________________
NASD Registered Person: RICHARD GEIGER
CRD Number: 873869
PREVIOUS EMPLOYMENT(cont.)
*************** PREVIOUS EMPLOYMENT (8 of 9) ***************
Employing Firm: RICHARD GEIGER
Firm CRD Number:
Office of Employment address: COLUMBUS, OH
Start Date: 08/1993 End Date: 06/1995
*************** PREVIOUS EMPLOYMENT (9 of 9) ***************
Employing Firm: UNEMPLOYED
Firm CRD Number:
Office of Employment address: WESTERVILLE, OH
Start Date: 06/1993 End Date: 09/1993
******** REGULATORY ACTION (1 of 3) ********
Reporting Source: Regulator (Form U-6)
Date Reported: 08/12/2002
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Date initiated: 07/10/2002
Docket/
Case Number: C8B020014
Employing Firm: SIERRA BROKERAGE SERVICES, INC.
Allegations: NASD RULES 1032(F), 2110 - WITHOUT ADMITTING OR DENYING THE
ALLEGATIONS, THE RESPONDENT CONSENTED TO THE ENTRY OF FINDINGS
THAT HE FUNCTIONED IN A CAPACITY REQUIRING REGISTRATION AS AN
EQUITY TRADER WITHOUT BEING REGISTERED IN THAT CAPACITY.
Current Status: Final
Resolution: Acceptance, Waiver & Consent(AWC)
Resolution Date: 07/10/2002
Sanctions
Ordered: Monetary/Fine, Suspension
NASD Public Disclosure Program August 27, 2002 Page 5
This information is current as of: 08/27/2002
________________________________________________________________________________
NASD Registered Person: RICHARD GEIGER
CRD Number: 873869
REGULATORY ACTIONS(cont.)
Monetary Amount: $10,000.00
Resolution
Details: FINED $10,000 AND SUSPENDED FROM ASSOCIATION WITH ANY NASD
MEMBER IN ANY CAPACITY FOR 20 BUSINESS DAYS.SUSPENSION
EFFECTIVE AUGUST 19, 2002 TO CLOSE OF BUSINESS SEPTEMBER 16,
2002.
Summary:
******** REGULATORY ACTION (2 of 3) ********
Reporting Source: Regulator (Form U-6)
Date Reported: 09/16/1997
Initiated By: Ohio Division of Securities
Date initiated: 09/16/1997
Docket/
Case Number: 97-237
Employing Firm:
Allegations: Not of good business repute.
Current Status: Final
Resolution: Order
Resolution Date: 09/16/1997
Sanctions
Ordered: Revocation/Expulsion
Resolution
Details: Application for Securities Salesman License was denied.
Summary: On September 16, 1997, the Ohio Division of Securities issued a
Final Order to Deny Application for Securities Salesman
License, Division Order No. 97-237, against Richard Geiger,
CRD No. 873869. The Division found that Geiger was not of
good business repute as that term is defined in Ohio
Administrative Code Rule 1301:6-3-19(D), (G) and (9) and Ohio
Revised Code section 1707.19(A).
***********************************
Reporting Source: Broker (Form U-4)
Date Reported: 02/10/1999
Initiated By: STATE OF OHIO DIVISION OF SECURITIES
Date initiated: 09/16/1997
Docket/
Case Number: 97-237
Employing Firm:
Allegations: THAT I WAS NOT "OF GOOD BUSINESS REPUTE" AS THAT TERM IS USED
IN ADMINISTRATIVE CODE RULE 1301:6-3-19(D)(7) AND (9) AND
REVISED CODE SECTION 1707019(A).
Current Status: Final
Resolution: Order
Resolution Date: 09/16/1997
Sanctions
Ordered: Revocation/Expulsion
Resolution
Details: DENIAL OF REGISTRATION BY THE STATE OF OHIO AND TERMINATION IN
THAT STATE BY THE FIRM.
Summary: OHIO DIVISION OF SECURITIES BASED THEIR DECISION SOLELY UPON MY
ACCEPTANCE OF NASD COMPLAINT NO. C8A960060 DATED 10/11/96, IN
WHICH I CONSENTED TO FINDINGS AND PAID A $10,000 FINE. I
BELIEVE THE DENIAL TO BE PERSONALLY AND/OR POLITICALLY
MOTIVATED.
NASD Public Disclosure Program August 27, 2002 Page 6
This information is current as of: 08/27/2002
________________________________________________________________________________
NASD Registered Person: RICHARD GEIGER
CRD Number: 873869
REGULATORY ACTIONS(cont.)
******** REGULATORY ACTION (3 of 3) ********
Reporting Source: Regulator (Form U-6)
Date Reported: 01/23/1997
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Date initiated: 10/11/1996
Docket/
Case Number: C8A960060
Employing Firm:
Allegations:
Current Status: Final
Resolution: Decision & Order of Offer of Settlement
Resolution Date: 01/23/1997
Sanctions
Ordered: Monetary/Fine, Censure, Suspension
Monetary Amount: $10,000.00
Resolution
Details:
Summary: [TOP] COMPLAINT NO. C8A960060 FILED OCTOBER 11, 1996 BY
DISTRICT NO. 8 AGAINST ROBERT J. LARSON, B. ALICIA CAMPOS,
RICHARD GEIGER, FRANK J. PORTIER, AND PAUL J. MATON ALLEGING
VIOLATIONS OF NASD RULE 2110 (FORMERLY ARTICLE III, SECTION 1
OF THE RULES OF FAIR PRACTICE) IN THAT RESPONDENT GEIGER WAS
ASSOCIATED WITH A MEMBER FIRM AS ITS PRESIDENT WHILE FAILING
TO PROPERLY QUALIFY AND/OR REGISTER IN THE APPROPRIATE
CAPACITY PRIOR TO ENGAGING IN SUCH CAPACITY WITH THE MEMBER;
EFFECTED SECURITIES TRANSACTIONS WHILE FAILING TO TIMELY AND
ACCURTELY REPORT THE TRANSACTIONS AND WHILE FAILING TO
ACCURATELY DISCLOSE INFORMATION ON CUSTOMER CONFIRMATIONS;
AND, RESPONDENT GEIGER, PERMITTED RESPONDENT PORTIER TO ENGAGE
IN THE INVESTMENT BANKING OR SECURITIES BUSINESS AND/OR
FUNCTIONING AS A REPRESENTATIVE WITH A MEMBER FIRM PRIOR TO
PROPERLY QUALIFYING AND/OR REGISTERING IN THE APPROPRIATE
CAPACITY. ON JANUARY 23, 1997, THE DECISION AND ORDER OF
ACCEPTANCE OF OFFER OF SETTLEMENT SUBMITTED BY RESPONDENT
GEIGER WAS ISSUED; THEREFORE, HE IS CENSURED, FINED $10,000,
SUSPENDED FROM ASSOCIATION WITH ANY NASD MEMBER IN ANY
CAPACITY FOR TEN BUSINESS DAYS, AND PROHIBITED FROM QUALIFYING
AND/OR ACTING IN ANY PRINCIPAL CAPACITY WITH NASD MEMBER FOR
ONE YEAR. THE SUSPENSION WILL COMMENCE WITH THE OPENING OF
BUSINESS MARCH 17, 1997 AND WILL CONCLUDE MARCH 31, 1997.
**$10,000.00 FULLY PAID AS OF 5/15/98, INVOICE #97-8A-114**
***********************************
Reporting Source: Broker (Form U-4)
Date Reported: 11/25/1996
Initiated By: NASD REGULATION, DBCC DISTRICT NO. 8
Date initiated: 10/11/1996
Docket/
Case Number: C8A960060
Employing Firm:
Allegations: 1.) FAILURE TO PROPERLY QUALIFY AND/OR REGISTER AS PRINCIPAL
WHEN ACTING IN SUCH CAPACITY - VIOLATION OF NASD CONDUCT
RULE 2110, 2.) FAILURE TO TIMELY AND ACCURATELY REPORT
NMS TRANSACTIONS - VIOLATION OF RULES 4632 AND 6620. 3.)
FAILURE TO ACCURATELY DISCLOSE INFORMATIOIN ON CUST.
CONFIRMATIONS - VIOLATION OF SEC RULE 10B-10, AND 4.) PERMIT-
TED NON-REGISTERED INDIVIDUAL TO TRADE - VIOLATION OF
RULE 1031.
Current Status: Final
Resolution: Decision & Order of Offer of Settlement
Resolution Date: 01/23/1997
Sanctions
Ordered: Monetary/Fine, Censure, Suspension
NASD Public Disclosure Program August 27, 2002 Page 7
This information is current as of: 08/27/2002
________________________________________________________________________________
NASD Registered Person: RICHARD GEIGER
CRD Number: 873869
REGULATORY ACTIONS(cont.)
Monetary Amount: $10,000.00
Resolution
Details: CENSURE, FINED $10,000, SUSPENDED FOR TEN BUSINESS DAYS FROM
ASSOCIATION AND PROHIBITED FOR ONE YEAR FROM QUALIFYING AND/OR
ACTING AS PRINCIPAL.
Summary: *PLEASE SEE ATTACHED "DECISION AND ORDER OF ACCEPTANCE" OF
EVENT.
************ END OF REPORT ************ |
