The allegations read: Without admitting or denying the findings, slater consented to the sanctions and to the entry of findings that he shared approximately $500,000 in commissions generated from securities transactions in his customers' accounts with an unregistered person the findings stated that slater paid an unregistered person half of the commissions he earned from his work at his member firm as part of a business partnership with that person, including insurance sales, unrelated to the securities industry. Slater and the unregistered person also communicated regarding potential securities recommendations for one or more brokerage customers and met jointly with at least one customer to discuss securities recommendations.
