Rubin submitted an Offer of Settlement in which he was barred from association with any FINRA member in any capacity.  Without admitting or denying the allegations, Rubin consented to the described sanction and to the entry of findings that he participated in private securities transactions, outside the scope of his employment with a member firm, without prior written notice to, and written permission from, his member firm.
The findings stated that Rubinmisled the firm each year when he completed Outside Business Activities Questionnaires and stated that he had not solicited and did not plan to solicit clients to participate in private securities transactions, had not raised equity for any private ventures and was not involved in real estate sales.

(FINRA Case #2007011499201)