The Monetary Business Regulatory has fined and suspended a former Morgan Stanley worker for having and accessing his mobile phone whereas taking the Collection 7 examination.
Stephen LaGreca was suspended from associating with any FINRA member in all capacities for 18 months and ordered to pay a $5,000 wonderful. He accepted the sanctions with out admitting or denying the findings.
In response to the order, on Dec. 18, 2022, whereas related to Morgan Stanley as a non-registered fingerprint individual, Stephen LaGreca took the Collection 7 examination from his residence utilizing a distant testing platform.
Previous to starting the examination, “LaGreca attested that he had reviewed and would abide by the Guidelines of Conduct, which require candidates to retailer all private gadgets exterior the room the place they take the examination and prohibit entry to private gadgets, together with cell telephones, through the examination,” the order states.
