VGordon Philip Lewis (CRD #1443906, Registered Representative, Lakeport, California) and Robert Jess Bise, Jr. (CRD #1437310, Registered Principal, Kelseyville, California) submitted an Offer of Settlement in which Lewis was barred from association with any NASD member in any capacity, and Bise was fined $10,000 and suspended from association with any NASD member in any capacity for six months. The fine must be paid before Bise reassociates with any NASD member following the suspension or before requesting relief from any statutory disqualification. Without admitting or denying the allegations, Lewis and Bise consented to t described sanctions and to the entry of findings that Lewis recommended unsuitable investments to a public customer, and effected purchases and sales of securities in her account without reasonable grounds for believing his recommendations were suitable for the customer based upon her other securities holdings, financial situation, and needs. NASD also found that Lewis prepared and submitted order tickets in connection with the unsuitable recommendation to his member firm that falsely represented that the purchases were unsolicited when, in fact, they were solicited. The findings also stated that, in connection with the losses that the customer suffered in her account based upon his recommendations, Lewis paid $24,000 to the customer without disclosing the payment to his member firm. In addition, the findings stated that Bise failed to reasonably supervise the activities of Lewis to detect and prevent the unsuitable recommendations. Bise's suspension began April 5, 2004, and will conclude at the close of business October 4, 2004. (NASD Case #C01030026)

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