The allegations read: Without admitting or denying the findings, fatta consented to the sanctions and to the entry of findings that he engaged in quantitatively unsuitable trading in the account of a customer. The findings stated that the customer, who is now retired, had limited financial wherewithal. Fatta recommended the trading for the customer's account and the customer followed such recommendations. The findings also stated that fatta had de facto control over the customer's account. This trading resulted in an annualized turnover rate of seven and an annualized cost-to-equity ratio of 41 percent. During this period, the customer's account sustained a loss of approximately $98,000.
