The allegations read: **03/06/2009**stipulation of facts and consent to penalty filed by finra enforcement on behalf of nyse regulation's division of enforcement and pending
consented to findings:without admitting or denying guilt, richard foerster reynolds consents to findings that he violated:
1.violated nyse rule 346(b) by engaging in an outside business activity without making a written request and receiving the prior written consent of his member firm employer;
2.violated nyse rule 476(a)(6) by engaging in conduct inconsistent with just and equitable principles of trade by:
a.soliciting firm customers and others to invest in a private securities transaction away from the firm without the approval of his member firm employer; and
b.making misstatements and/or misrepresentations to firm customers; and
c.making misstatements to his member firm employer in order to conceal his outside business activities; and
3.caused a violation of nyse rule 472(a)(1) by sending correspondence to one or more customers and/or members of the public from the office of his member-firm employer without prior supervisory review and approval.
stipulated sanction:the imposition by the nyse of a penalty consisting of:1.censure; and 2.a five-month bar
