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.

Scott William Coy
AWC/2009020923301

Coy participated in private securities transactions without prior written notice to, or prior written approval from, his member firms. Coy sold limited liability company interests totaling approximately $5.5 million to investors, many of whom were customers of his firms, in private offerings. Theproceeds from those securities offerings were used to invest in entities that acquired and operated residential apartment complexes, and Coy received compensation of approximately $327,250 through the offerings.

Scott William Coy : Barred