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.

Conrad Michael Lawrence
OS/2009019042201

In connection with the sale of an installment plan contract offered by an alleged charitable organization issued to a customer, Lawrence negligently misrepresented to the customer that he would receive a tax deduction. Lawrence recommended the installment plan contract without having a reasonable basis for the recommendation, and did not perform a reasonable investigation concerning the propriety of the alleged charitable organization or the installment plan contracts it offered. Lawrence engaged in a private securities transaction without providing prior written notice to, and receiving prior written approval from, his member firm.

Conrad Michael Lawrence : Fined $25,000 (includes $4,000.32 commission disgorgement); Ordered to pay $21,280 plus interest in restitution; Suspended 4 months