August 12, 2022 – An Order Accepting Offer of Settlement was issued in which Minich (CRD #6465746) was assessed a deferred fine of $5,000 and suspended from association with any FINRA member in all capacities for four months. Without admitting or denying the allegations, Minich consented to the sanctions and to the entry of findings that he participated in private securities transactions totaling approximately $200,000 without providing prior written notice to his member firm. The findings stated that Minich participated in a private securities transaction by purchasing limited partnership interests in a hedge fund that purported to invest in cryptocurrency for approximately $50,000. The private securities transaction was made away from the firm and outside of the regular course or scope of his employment it. In addition, Minich participated in private securities transactions by facilitating two customers’ separate purchases of limited partnership interests in the hedge fund for $50,000 and $100,000, respectively, away from the firm and outside of the regular course or scope of his employment with the firm. The findings also stated that Minich made false statements on a firm annual attestation by representing that he had not engaged in any private securities transactions other than those he had received preclearance for through the firm.
The suspension is in effect from August 15, 2022, through December 14, 2022. (FINRA Case #2020066999801)