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.

Dedric Hillery Gill III
AWC/2009017234001

Gill engaged in private securities transactions by referring public customers to invest $266,600 in privately held companies without prior written notice to his member firm. Gill borrowed from and loaned firm customers a total of $115,000 contrary to his firm’s procedures prohibiting its registered persons from lending money to, or borrowing money from, its customers. Gill failed to respond to a FINRA request for documents and to appear for an on-the-record interview.

Dedric Hillery Gill III : Barred

Tags: Borrowing