Crawford submitted an Offer of Settlement in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for two years. The fine must be paid either immediately upon Crawford’s reassociation with a FINRA member firm following his suspension, or prior to the filing of any application or request for relief from any statutory disqualification, whichever is earlier.  Without admitting or denying the allegations, Crawford consented to the described sanctions and to the entry of findings that he borrowed $25,000 from customers and obtained this loan notwithstanding the fact that his member firm had written procedures that prohibited borrowing from, or lending money to, customers. The findings stated that Crawford failed to update his Uniform Application for Securities Industry Registration or Transfer (FormU4) to disclose material information. The findings also stated that Crawford failed to respond to FINRA requests to appear for on-the-record testimony.

The suspension is in effect fromJuly 20, 2009, through July 19, 2011.

(FINRA Case #2008013892301)