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Legal Ethics

Lawyer Fined $2,500 by FINRA re Claimed Moonlighting on $200 Legal Matter While Working at Brokerage

Posted May 2, 2012 11:52 AM CDT
By Martha Neil

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Without admitting or denying findings, a licensed attorney has consented to discipline by the Financial Industry Regulatory Authority for moonlighting as a lawyer while working for Merrill Lynch as a registered securities sales supervisor.

Guy G. Sirois apparently lost his job at the brokerage when Merrill Lynch found out that he had allegedly earned $200 approximately a year ago by moonlighting for a law firm and preparing a will for a client who had nothing to do with his securities job, Forbes reports.

Meanwhile, FINRA disciplined him on Monday for violating rules against outside business activity. In addition to the fine, Sirois is also suspended for 30 days from associating with any FINRA member in any capacity. He had no prior disciplinary history.

The article doesn't include any comment from Sirois or his counsel.

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