DAVID J. PALEN

03/13/2006: NASD OFFICE OF HEARING OFFICERS Department of Enforcement, Complainant, v. David J. Palen, CRD No. 2321162 Respondent. Disciplinary Proceeding No. E3A2004O36501 Hearing Officer COMPLAINT Upon information and belief, Complainant alleges as follows: 1. Respondent David J. Palen ("Palen") became registered with NASD in April 1993 as a general securities representative with American Express Financial Advisors, Inc. ("AEFA") and IDS Life Insurance Company. Palen's association with AEFA and IDS Life Insurance

08/07/2006: NASD OFFICE OF HEARING OFFICERS DEPARTMENT OF ENFORCEMENT, Complainant v. DAVID J. PALEN (CRD No. 2321162), Respondent. Disciplinary Proceeding No. E3A2004036501 Hearing Officer - SNB DEFAULT DECISION August 7, 2006 For misuse of customer funds, in violation of Rules 2330 and 2110, for forgery, in violation of Rule 2110, and for failure to provide requested information in violation of Rules 8210 and 2110, Respondent is barred from associating with any NASD member in any capacity. Appearances Helen

Reference E3A2004036501data-portal.finra.orgdata-portal.finra.orgfinra.org