Kent submitted a Letter of Acceptance,Waiver and Consent in which he was barred from association with any FINRA member in any capacity.  Without admitting or denying the findings, Kent consented to the described sanction and to the entry of findings that he participated in private securities transactions, received compensation for his participation, failed to provide his member firm with prior written notice, and failed to receive the firm’s prior written approval. The findings stated that Kent engaged in outside business activities and failed to provide his firm with prompt written notice.  The findings also stated that Kent negligently failed to advise investors and firm customers of material facts concerning a real estate venture and his involvement; specifically, that proceeds fromthe venture were to be applied towards defaulted bank loans for which he was personally liable.

(FINRA Case #2007008911201)