The allegations read: Finra rule 2010, nasd rule 2210(d): dewaay conducted a conference call for potential investors in an entity's offering, and his member firm, after review by its compliance department, subsequently made a recording of the conference call available to more potential investors. Dewaay's firm was a wholly owned subsidiary of the entity, of which dewaay was the majority owner, and he was the main speaker on the conference call. During the conference call, dewaay made multiple statements regarding his and his firm's business successes, methods, and outlook that were unwarranted. Dewaay made several statements regarding the offering that were not fair and balanced, and that were misleading, exaggerated, or unwarranted. The conference call contained no supporting data or contextual information with which potential investors could evaluate the significance of these claims. Dewaay provided no information that would support or substantiate these claims made.
