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.

David Travis Weitz
AWC/2007011496201

Weitz 

• provided a draft of a research report that contained a research summary, rating and price target to the company whose stock was featured as a stock pick, and did not provide a complete draft of the research report to his firm’s legal or compliance personnel prior to sending the report to the company;
• failed to disclose his ownership of securities that he profiled in research reports;
• purchased securities within 30 days prior to the security being featured as a stock pick and before his firm’s legal or compliance officers pre-approved the Stock Pick section of the research report. 
• failed to disclose valuation methods used to determine the price target and the risks to achieving price targets;
• failed to certify that the views in sections of research reports that he authored or contributed to were his own. 

David Travis Weitz: Fined $10,000; Suspended 30 days