The allegations read: Without admitting or denying the findings, goslin consented to the sanctions and to the entry of findings that he failed to provide prior written notice to, and receive approval from his member firm, of an outside business activity from which he had a reasonable expectation of compensation. Specifically, the outside business activity was a limited liability corporation that had been formed for tax and asset protection purposes. At the time of its formation, goslin, who was not an owner or officer, reasonably expected to be compensated in the form of distributions from the corporation, and, in fact, he received monetary distributions from the outside business. The findings stated that during all times relevant to this matter, the firm's written supervisory procedures (wsps) required registered representatives to provide prior written notice to the firm and to receive approval from the firm for all outside business activities.
