The allegations read: Nasd rules 2110, 2310, interpretative material-2310-2 and interpretative material-2830-1: respondent william weisbrod recommended and effected unsuitable transactions in a customer's accounts involving class b mutual fund shares without having reasonable grounds for believing that the transactions were suitable, given the total dollar amount of class b mutual fund shares purchased and the customer's financial situation and needs. Weisbrod entered this level of class b mutual fund transactions, which was not permitted by his member firm, in a manner designed to evade firm policy and circumvent its supervisory controls. Weisbrod's firm required pre-approval of class b share purchases in excess of $100,000. Weisbrod attempted to circumvent his firm's pre-approval policy and supervisory controls by entering almost all the trades in his customers' accounts in amounts of $90,000 or less.
