To clarify, the customer complaint was filed in a timely fashion with my firm and the firm's compliance department.  The firm's legal counsel assisted me throughout the investigation and negotiation with the client's counsel.  The firm settled with the client and imposed a five day suspension and a letter of reprimand to me.  I did not contribute toward the settlement.  The complaint had been reported to FINRA on a timely basis and the appropriate changes were noted on my U4.  Appoximately three months later FINRA informed me they were doing a review as a result of the filing of the complaint.  This has been going on for about eight months.  The FINRA staff notified me they have completed their review and referred it to the Enformcement Department.  I was told that an informal discipline would be a letter of admonition and formal discipline would incur possible fines, suspension, etc.  Hope that helps.

I just want to make sure I understand your comments correctly.  The Staff could have dropped the matter but since they didn't, it is likely the Staff feels some sort of discipline is warranted.  The Enforcement Dept. will review the Staff's findings and more than likely will issue some type of discipline, which could be a Letter of Admonition or fine and suspension.  Do I understand your comments correctly?

Thanks!