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.

Hallmark Investments, Inc. and Steven Gary Dash (Principal)
OS/2006003689501

Acting through Dash, Hallmark 

• filed a membership application that was incomplete or inaccurate so as to be misleading, and failed to correct the filing, and T
• failed to file a required application with FINRA for approval of change of ownership. 

Dash engaged in private securities transactions without providing prior written notice to his member firms or securing the firms’ written approval. 

Hallmark Investments, Inc.: Censured; Fined $15,000

Steven Gary Dash (Principal) No Fine in light of financial status; Suspended 2 months in all capacities