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.

Robert Brian Meadows
AWC/2008013400501

Meadows borrowed $30,000 from a customer who was also a personal friend, but he did not obtain consent from the firm to borrow from the customer when the firm’s written procedures prohibited registered persons from borrowing from customers except under certain circumstances and also required the firm’s prior review and approval. Meadows failed to disclose the loan when completing the firm’s annual compliance questionnaires.

Robert Brian Meadows: Fined $7,500; Suspended 90 days