William Patrick Slattery of New York New York is a stockbroker formerly registered with Lampert Capital Markets Inc. who has been fined $12,500.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he took part in outside business activities that were not disclosed to Lampert Capital Markets, Inc. Letter of Acceptance Waiver and Consent No. 2016049896601 (Mar. 28, 2018).
According to the AWC, from November of 2015 to April of 2016, during the time that Slattery was employed by Lampert Capital Markets, Inc., he took part in eight different outside business activities even though he never notified the firm beforehand. Particularly, eight new companies had enlisted Slattery to find investors and connect them with principals of the companies. The AWC revealed that the companies consisted of a biotech company, eyewear company, a film company, hedge fund and a financial technology company. The AWC stated that Slattery was paid an estimated $45,000.00 by the companies in return for his efforts of connecting prospective investors with the companies.
Evidently, Slattery confirmed within the firm’s annual compliance documentation that there were no outside business activities that he engaged in. Consequently, FINRA found Slattery’s failure to disclose his outside business activities to be conduct violative of FINRA Rules 2010 and 3270.
FINRA Public Disclosure reveals that Slattery was terminated from Lampert Capital Markets Inc. on April 25, 2016, supported by allegations that he engaged in an outside business activity that the firm never approved and sold away from the firm. Since January 25, 1994, Slattery has been associated with ten different broker dealers, two of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct.
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