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GREGORY STEVEN WILSON

GREGORY STEVEN WILSON is currently employed as a Broker and/or Investment Adviser at VARIABLE INVESTMENT ADVISORS, INC. located at 4305 S. LOUISE AVE. STE. 101A, SIOUX FALLS, SD, 57106-3115.

GREGORY STEVEN WILSON has worked at VARIABLE INVESTMENT ADVISORS, INC. since May 19, 1998

Disclosure History

GREGORY STEVEN WILSON has 1 Disclosure Event(s).

Date: May 05, 2004
Category: Regulatory
Initiated By: NASD
Allegations: NASD CONDUCT RULES 2110 AND 3110(A) - RESPONDENT WILSON, ACTING ON BEHALF OF HIS MEMBER FIRM, USED THE MAILS OR OTHER MEANS OF INSTRUMENTALITIES OF INTERSTATE COMMERCE TO EFFECT TRANSACTIONS IN SECURITIES WHILE FAILING TO MAINTAIN THE MINIMUM REQUIRED NET CAPITAL; PREPARED AN INACCURATE TRIAL BALANCE AND NET CAPITAL COMPUTATION; AND, FILED WITH NASD A FOCUS PART IIA REPORT THAT WAS INACCURATE.
Resolution: Acceptance, Waiver & Consent(AWC) SanctionDetails:
Sanctions: Monetary/Fine SanctionDetails:
Amount: $2,500.00 Sanction Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, WILSON CONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS; THEREFORE, HE IS FINED $2,500, JOINTLY AND SEVERALLY.
Broker Comment: AFTER SPENDING $10,000 ON LEGAL FEES AND REALIZING THAT THERE WAS NO WAY TO GET THE NASD TO UNDERSTAND THE ACCOUNTING REASONING (ALTERNATIVE TRADING SYSTEM {ATS} RECEIVABLES)I THEREFORE AGREED TO THE ABOVE $2500 SANCTIONS FOR THE COMPANY AND MYSELF TO LIMIT MY LEGAL FEES.

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