The allegations read: While employed by by hornblower, weeks, hemphill-noyes as a registered representative in 1974, i was a member of a three man partnership with two other registered representatives. The partnership was charged with unauthorized discretionary trading in some accounts & the other two partners were asked to resign from the firm. I, at no time, took part in any unauthorized trading & the firm subsequently defended me in a hearing brought before the chicago board options exchange. I was cleared by the exchange of any wrongdoing, but was given a 30-day retroactive suspension for 'passive negligence.'
