Clayton George Roach (CRD #2148512, Registered Representative, Jacksonville, Florida) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for six months. See FINRA Case #2011025952001. The suspension is in effect from December 3, 2012, through June 2, 2013. Roach was employed by and registered with Equity Services, Inc., from December 2005 through January 2011.
Without admitting or denying the findings, Roach consented to the described sanctions and to the entry of findings that he participated in the sale of private placements by promoting an offshore investment club, referring investors, acting as an officer and registered agent for the offshore investment clubs’ Florida-based affiliate, facilitating other people’s investment in the offshore investment club and receiving no less than $64,000 in compensation from the offshore investment club. Roach did not receive any direct compensation based on the referrals, but he received a monthly stipend for other activities on the offshore investment club’s behalf. The findings stated that Roach participated in private placement securities transactions without providing the requisite notice to his firm.
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