Olivier Robert Gillier of New York, New York, a stockbroker registered with Tigress Financial Partners LLC, has been fined $15,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that because Gillier engaged in private securities transactions during the time that he was associated with Tigress Financial Partners. Letter of Acceptance, Waiver, and Consent No. 2018060034001 (March 29, 2023).
According to the AWC, in July of 2015, a $300,000.00 capital contribution was made by Gillier in exchange for LLC membership interests. That LLC was created to buy and manage a New York entity. FINRA states that Gillier also helped three individuals invest a collective $2,000,000.00 in LLC membership interests. One of those individuals held accounts at Tigress Financial Partners LLC.
FINRA states that the Class A membership interests that Gillier purchased and the Class B membership interests that the individuals purchased were considered securities. During this period, the written supervisory procedures of Tigress Financial partners prohibited stockbrokers from engaging in private securities transactions unless the stockbroker received approval. Gillier failed to give notice to Tigress Financial Partners concerning his investment and the investments made by the other individuals. He also falsely attested to not having sold away from the securities broker dealer. Therefore, Gillier violated FINRA Rules 2010 and 3280.
Gillier’s registration with Tigress Financial Partners LLC was terminated on April 16, 2021.
