March 24, 2015, Plano, Texas
Leslie Lynn King entered into an Order Accepting Offer of Settlement (Order) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he aided and abetted a non-registered person to participate in the securities business in violation of SEC rules. During the time period involved, his firm paid him nearly $1.8 million in commissions and he paid over $600,000 of the commissions to the non-registered person.
King was assessed a deferred fine of $10,000, was required to pay $50,000 in deferred disgorgement of commissions and suspended from association with any FINRA member in any capacity for two years.
According to FINRA records, King was registered as follows:
- Ocean Cross Capital Markets 9/2011-12/2012
- Southridge Investment Group 7/2009-9/2011
- WFG Investments 6/2009-7/2009
- Southwest Texas Capital 9/2008-6/2009
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