NOTE: Stipulations of Fact and Consent to Penalty (SFC); Offers of Settlement (OS); and Letters of Acceptance Waiver, and Consent (AWC) are entered into by Respondents without admitting or denying the allegations, but consent is given to the described sanctions & to the entry of findings. Additionally, for AWCs, if FINRA has reason to believe a violation has occurred and the member or associated person does not dispute the violation, FINRA may prepare and request that the member or associated person execute a letter accepting a finding of violation, consenting to the imposition of sanctions, and agreeing to waive such member's or associated person's right to a hearing before a hearing panel, and any right of appeal to the National Adjudicatory Council, the SEC, and the courts, or to otherwise challenge the validity of the letter, if the letter is accepted. The letter shall describe the act or practice engaged in or omitted, the rule, regulation, or statutory provision violated, and the sanction or sanctions to be imposed.

Marquis Financial Services, Inc.
AWC/2006005770701

The Firm failed to establish and maintain adequate written supervisory procedures relating to the conduct of private placements, and did not maintain required books and records in connection with the private placement offerings in that it failed to maintain all of the subscription agreements that customers who invested in the offerings completed and submitted, and any type of confirmation reflecting these investments. 

Marquis Financial Services, Inc.: Censured; Fined $13,500