Safdie submitted an Offer of Settlement in which he was suspended from association with any FINRA member in any capacity for 30 business days. In light of Safdie’s financial status, no monetary sanctions were imposed.Without admitting or denying the allegations, Safdie consented to the described sanction and to the entry of findings that he made misrepresentations to a third-party lending institution in order to assist a family member in obtaining a loan.

The suspension is in effect from January 4, 2010, through February 16, 2010.

(FINRA Case #2007009440601)