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.

Christian Powers Call
AWC/2007009462301

Call supplied price quotes to a propriety trader at another broker dealer without any independent verification of the accuracy of the prices, but made it appear as if he were providing good faith price quotes. Had he attempted to verify the actual market prices of the corporate bonds at issue, he would have known that the pricing information he re-sent to the trader was inaccurate. The other trader relied on the inaccurate prices quotes to mark positions in his trading book, thereby enhancing his profit and loss statement at his firm, causing the firm to record inaccurate prices for corporate bonds on its books and records. 

Christian Powers Call: Censured; Fined $5,000; Suspended 45 days in all capacities