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.

Nathan Eugene Calhoun
AWC/2009018652501

Calhoun participated in a private securities transaction outside the regular course of his employment with his member firm by introducing the firm’s customer to an issuer, a private bank offering an investment in a managed foreign currency trading program, and acting as a liaison between the issuer and the customer. The customer lost the $30,000 invested in the foreign currency trading program. Calhoun failed to provide prior notice to his firm and failed to receive his firm’s written acknowledgment concerning his participation in the private securities transaction.

Nathan Eugene Calhoun: Fined $5,000; Suspended 1 month

Tags: FOREX