Mr. Shino was suspended from association with any FINRA member in any principal capacity for nine months for late filing and failing to file NASD Rule 3070 reports and amendments to Forms U4 and Uniform Termination Notices for Securities Industry Registration (Forms U5), with an additional suspension in any principal capacity for three months for permitting a branch office to operate without a principal. The suspensions shall run consecutively. The sanctions were based on findings that Shino failed to file, or timely file, NASD Rule 3070 reports and amendments to Forms U4 and U5. The findings stated that Shino permitted a branch office with more than three representatives to transact an options business without having a registered options principal or limited principal–general securities sales supervisor as the principal office supervisor.

The suspensions are in effect fromNovember 16, 2009, through November 15, 2010.
(FINRA Case #E3A2005003702)