The allegations read: Respondent engaged in fraud in the offer and sale of securities and investment advisory activities, and dishonest and unethical activities in the securities, investment advisory and financial services. Also respondent failed to amend his form u4 in a timely way and filed an application for registration that was materially false and/or incomplete, and respondent was insolvent within the meaning of section 11-412(a)(8) of the maryland securities act.
