Alexander Quint Allegedly Violated FINRA, MSRB Rules
Alexander Quint (CRD #: 1012135), a broker registered with Quint Capital, has been suspended by FINRA, according to his BrokerCheck record, accessed on March 23, 2023. Investors may have also worked with him through Quint Capital Management. Read on to learn more about his alleged conduct as a broker.
On February 14, 2023, Alexander Quint consented to the entry of findings that he and his firm, Quint Capital, allegedly permitted an individual who was subject to a statutory disqualification to associate with the firm and engage in activities requiring registration as a Municipal Securities Representative.
According to a Letter of Acceptance, Waiver & Consent (AWC), during the relevant period of January to March 2020, Alexander Quint was his firm’s principal responsible for supervising its licensing and registration compliance.
In February 2018, he allegedly submitted a Membership Continuance Application (MC-400 Application) seeking to permit Individual A to associate with the firm. This individual was allegedly statutorily disqualified from associating with FINRA members due to an SEC bar and a federal district court order which enjoined Individual A from violating certain federal securities laws and regulations.
In November 2019, FINRA’s National Adjudicatory Council allegedly approved Individual A’s application as a General Securities Representative, with the condition that it would only take effect after the issuance of an order from the SEC stating that it would not institute proceedings against Individual A. The AWC alleges that the SEC never issued an order to that effect.
Alleged Municipal Securities Transactions
The AWC alleged that, from January to March 2020, Alexander Quint allowed Individual A to associate with Quint Capital and engage in certain activities requiring registration as a Municipal Securities Representative.
Alexander Quint allegedly provided Individual A with passwords and access to electronic systems and platforms at the firm in order to trade municipal bonds. Individual A allegedly referred four clients to open accounts at Quint Capital, discussed municipal securities transactions with them, and effected approximately 25 municipal securities transactions in these clients’ accounts.
In March 2021, Alexander Quint allegedly withdrew Individual A’s MC-400 Application and filed a Uniform Termination Notice for Securities Industry Registration (Form U5).
The AWC concluded that these allegations constituted violations of the following regulations:
- Article III, Section 3(b) of FINRA’s By-Laws
- FINRA Rules 8311 and 2010
- MSRB Rules G-2, G-3, G-4, and G-5
Article III, Section 3(b) of FINRA’s By-Laws
Article III, Section 3(b) of FINRA’s By-Laws states that no individuals can become associated with FINRA members if they fail to meet the requirements for FINRA registration or are subject to a disqualification.
FINRA Rule 8311
FINRA Rule 8311 prohibits FINRA members from associating with any individuals who have been statutorily disqualified by FINRA (e.g., suspended or barred).
FINRA Rule 2010
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.
MSRB Rules G-2 through G-5
MSRB Rule G-2 prohibits brokers and brokerage firms from effecting municipal securities transactions unless they qualify to do so under MSRB rules.
MSRB Rule G-3 describes these professional qualifications and educational requirements in order to be qualified under Rule G-2.
MSRB Rule G-4 describes statutory disqualifications, including expulsion or suspension from a national securities exchange or registered securities association.
MSRB Rule G-5 prohibits brokerage firms from executing municipal securities transactions in violation of restrictions imposed by other regulators.
Alexander Quint consented to the following sanctions:
- $10,000 fine
- 5-month suspension in all principal capacities
His suspension began on March 20, 2023, and will end on August 19, 2023.
Quint Capital also consented to the following sanctions:
- $35,000 fine
You can read the full AWC here.
Alexander Quint has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- Series 63 – Uniform Securities Agent State Law Examination
- Series 99TO – Operations Professional Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
- Series 14 – Compliance Officer Examination
- Series 24 – General Securities Principal Examination
Alexander Quint is a registered broker in 27 states and the District of Columbia. He is also a registered investment adviser in Connecticut, Florida, New Jersey, and New York.
He has also worked for the following firms:
- Soldiers First Capital (CRD#:321004)
- American Network Securities CORP. (CRD#:13750)
- Petersen Investments (CRD#:38537)
- Montrose Capital Management (CRD#:40799)
- CIBC World Markets (CRD#:630)
- Smith Barney (CRD#:7059)
- PaineWebber (CRD#:8174)
- L. F. Rothschild, Unterberg, Towbin (CRD#:501)
Kurta Law Can Help
If you worked with Alexander Quint and you have concerns about your investments, please contact us today at 877-600-0098 or email@example.com for a free consultation.
For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.