JAMES W. BROWNE

12/14/2007: BEFORE THE NATIONAL ADJUDICATORY COUNCIL FINANCIAL INDUSTRY REGULATORY AUTHORITY In the Matter of Department of Enforcement, Complainant, vs. Kevin P. Calandro Dallas, Texas, and James W. Browne Dallas, Texas, Respondents. DECISION Complaint No. C05050015 Dated: December 14, 2007 Respondents participated in private securities transactions without prior written notice to, and written approval from, their member firms. Held. Hearing Panel's finding modified and sanctions affirmed. Appearances For the

08/01/2006: NASD OFFICE OF HEARING OFFICERS DEPARTMENT OF ENFORCEMENT, Complainant, v. KEVIN CALANDRO (CRD No. 143)9109), and JAMES W. BROWNE (CRD No. 1189996), Respondents. Disciplinary Proceeding No. C05050015 Hearing Officer-Andrew H. Perkins EXTENDED HEARING PANEL DECISION August 1, 2006 The Respondents participated in private securities transactions without prior written notice to their member firm. Respondent Browne is suspended in all capacities for six months and fined $25,000, and Calandro is suspended in all

11/07/2008: SECURITIES AND EXCHANGE COMMISSION Washington, D.C. SECURITIES EXCHANGE ACT OF 1934 Rel. No. 58916 /November 7, 2008 Admin. Proc. File No. 3-12926 In the Matter of the Applications of JAMES W. BROWNE and KEVIN CALANDRO For Review of Disciplinary Action Taken by NASD OPINION OF THE COMMISSION REGISTERED SECURITIES ASSOCIATION -- REVIEW OF DISCIPLINARY PROCEEDING Alleged Failure to Provide Written Notice to, and Obtain Prior Approval from, Member Firm Employer Regarding Private Securities Transaction General

Reference C05050015data-portal.finra.orgdata-portal.finra.orgfinra.orgdata-portal.finra.org