Archie Abel Blood Jr. (CRD #1861277, Holland, Michigan)

An AWC was issued in which Archie Abel Blood Jr. (CRD #1861277) 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 findings, Blood consented to the sanctions and to the entry of findings that he participated in private securities transactions by facilitating the sale of $400,000 of a security to two married couples who were customers of his member firm without providing prior written notice to the firm. The findings stated that Archie Abel Blood Jr. introduced the customers to an individual associated with a potential investment in a company that the firm had not approved for sale. The Unit Purchase Agreements for the offering identified the investment interests as unregistered securities. Blood participated in both customers’ investments. After making the initial introductions, Blood sent one of the customers the Unit Purchase Agreement, told his contact that the customers would invest $200,000 and ensured that the necessary funds were wired to complete the investment. In connection with the other customers, Archie Abel Blood Jr. provided their information and a non-disclosure agreement executed by the other customers that was necessary to complete the investment to his contact. The customers each invested $200,000 in the company. Blood’s participation in these transactions was outside the regular course and scope of his employment with his firm. In addition, Blood falsely attested to his firm that he did not assist, advise, or facilitate any private securities transactions. The suspension is in effect from February 6, 2023, through June 5, 2023. (FINRA Case #2021071992801)