PHILIP M. CAIN

08/01/2011: FINANCIAL INDUSTRY REGULATORY AUTHORITY (FINRA) OFFICE OF HEARING OFFICERS DEPARTMENT OF ENFORCEMENT, COMPLAINANT, v. PHILIP M. CAIN (CRD No. 2703720), RESPONDENT. DISCIPLINARY PROCEEDING No. 2011027099701 COMPLAINT The Department of Enforcement alleges: SUMMARY 1. Between September 2008 and March 2010, Philip Cain converted over $1.3 million from seven of his customers through the use of false and misleading statements and documents. He induced the customers to invest their funds in what he described as

12/05/2011: FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS DEPARTMENT OF ENFORCEMENT, Complainant, v. PHILIP M. CAIN (CRD No. 2703720), Respondent. Disciplinary Proceeding No.2011027099701 Hearing Officer - MC DEFAULT DECISION December 5, 2011 Respondent is barred from associating with any FINRA member firm in any capacity for: (i) converting customer funds, in violation of NASD Conduct Rules 2110 and 2330, and FINRA Conduct Rules 2010 and 2150; and (ii) failing to respond to requests for

Reference 2011027099701data-portal.finra.orgdata-portal.finra.orgfinra.org