Milton Charles Ault III - Registered Principal, Fountain Valley, California:
The Financial Industry Regulatory Authority, Inc. (FINRA) is a self-regulatory authority assigned the responsibility, by the Securities and Exchange Commission, to license, regulate and discipline securities broker/dealers and their employees, including account executives. In the event that FINRA elects to institute and enforcement action, firms and licensed individuals have the responsibility to reflect such action of their U-4 and/or U-5 filings, which can be viewed on the FINRA website under the broker-check section of the site or by viewing the monthly disciplinary information also provided on the FINRA site.
The monthly disciplinary information is referenced on the site generally in alphabetical order. This post relates to the following company or individuals. If the reader would like to review the entire FINRA release or the broker-check information concerning this matter, you can follow these highlighted links:
June 2012 Disciplinary and Other FINRA Actions:
FINRA Case No. 2008016157101- In June of 2012, the Financial Industry Regulatory Authority, Inc. (FINRA) issued a release advising that Milton Charles Ault III submitted a Letter of Acceptance, Waiver and Consent in which he was fined $75,000, suspended from association with any FINRA member in any capacity for two years and ordered to pay #312,916.06, plus interest, in restitution to invesotrs. In order to view a copy of the full release, please follow above the referenced links.
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