Rep circumvented registration limits to trade wider range of securities
Rep had clients invest in, failed to disclose, his side hustles
Acts in furtherance of a trade violated securities rules
Court rules no evidence of common breach, given differences among investors
Much of the industry's involvement may be outside the SRO's perimeter
Retirees duped by fake investment for almost a decade, SRO finds
Clients lost more than $1.5 million on rep's failed fintech venture
Ban, fine of $300K follow repeat episode of unapproved outside business activity
Ex-NBF rep admitted to misappropriating clients' funds, as well as other violations
Panel concluded that rep was participating in proceeding anonymously