Ian Kass (CRD# 2534828)

Disclosure Events

08/16/2016 Regulatory – Pending

Initiated By UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Allegations:

SEC Admin Releases 33-10122, 34-78594, August 16, 2016: The SEC deems it appropriate and in the public interest that public administrative and cease-and-desist proceedings be, and hereby are, instituted pursuant to Section 8A of the Securities Act of 1933, and Sections 15(b) and 21C of the Securities Exchange Act of 1934, against a firm (the “Firm”), Ian C. Kass (“Kass”), and another individual (the “Individual”). After an investigation, the Division of Enforcement alleges that between September 2009 and October 2013, three undisclosed control persons (the “Control Persons”) fraudulently manufactured at least 12 undisclosed “blank check” companies (the “Blank Check Companies”) for sale by reverse merger. The fraud depended primarily on the misrepresentation of the Blank Check Companies as legitimate start-up companies managed and operated by a named sole officer, and concealment of the fact that the Blank Check Companies had no business purpose other than to be sold as public vehicles by the Control Persons. Kass and the Individual played a critical role in the fraud, including the signing and filing of a Form 211 application with the Financial Industry Regulatory Authority, Inc. (“FINRA”) for each of the Blank Check Companies (the “Forms 211”) containing these misrepresentations and omissions. The Firm, based on the actions of Kass and the Individual, failed to conduct the analysis required by Rule 15c2-11 under the Exchange Act in connection with the Forms 211, including failing to have a reasonable basis as to the accuracy of required information and reliability of its source based on all information in the Firm’s possession. Kass took other actions in furtherance of the Control Persons’ fraud. For example, Kass was a necessary participant in the offer and sale of the stock of the Blank Check Companies, which were penny stocks, without a valid registration or exemption. Kass also filed applications with a company with respect to the Blank Check Companies containing false legal opinions. Kass participated in such securities transactions and filed such applications while referring multiple potential buyers for the Blank Check Companies to the Control Persons. As a result of this conduct, the Firm willfully committed violations of Section 15(c)(2) of the Exchange Act, and Rule 15c2-11 promulgated thereunder and Kass willfully aided and abetted and caused the Firm’s violations of Section 15(c)(2) of the Exchange Act, and Rule 15c2-11 promulgated thereunder. In addition, Kass willfully violated or, in the alternative, willfully aided and abetted and caused the Control Persons’ violations of Section 5(a) and 5(c) of the Securities Act; willfully violated and willfully aided and abetted and caused the Control Persons’ violations of Section 17(a) of the Securities Act; and willfully violated and willfully aided and abetted and caused the Control Persons’ violations of Section 10(b) of the Exchange Act and Rule 10b-5 promulgated thereunder.

07/28/2016 Employment Separation After Allegations

Firm Name Wilson-Davis & Co.

Termination Type: Discharged

Allegations:

With the assistance of outside counsel, reviewed documents, public filings, representative’s performance and compliance history, interviewed representative, and concluded to terminate representative based on the pending government investigations.

04/19/2016 Investigation

Initiated By UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Description of Investigation:

The government is investigating the accuracy of FINRA Form 211s prepared by Mr. Kass’ customer relating to issuers with so-called sham registration statements.

Previous Registrations

07/2012 – 07/2016 WILSON-DAVIS & CO., INC. (CRD# 3777) – Ft. Lauderdale, FL
07/2011 – 12/2011 DELANEY EQUITY GROUP LLC (CRD# 142285) – PALM BEACH GARDENS, FL
05/2011 – 06/2011 GORDON & CO. (CRD# 11391) – WATERTOWN, MA
05/2010 – 05/2011 DELANEY EQUITY GROUP LLC (CRD# 142285) – PALM BEACH GARDENS, FL
08/2010 – 01/2011 TRANSCEND CAPITAL (CRD# 104483) – AUSTIN, TX
04/2009 – 04/2010 LIGHTHOUSE FINANCIAL GROUP, LLC (CRD# 103734) – BOCA RATON, FL
10/2008 – 04/2009 PARK FINANCIAL GROUP, INC. (CRD# 30582) – BOCA RATON, FL
07/2007 – 11/2008 VIEWTRADE SECURITIES, INC. (CRD# 46987) – BOCA RATON, FL
05/2006 – 07/2007 STG SECURE TRADING GROUP, INC. (CRD# 41216) – BOCA RATON, FL
FINRA expelled the firm in 10/2007
10/2005 – 05/2006 JERSEY SHORE TRADING GROUP INC. (CRD# 47440) – BOCA RATON, FL
FINRA expelled the firm in 10/2006
06/2004 – 11/2005 U.S. CAPITAL PARTNERS, INC. (CRD# 120751) – BOCA RATON, FL
09/2003 – 06/2004 LAMPOST CAPITAL, L.C. (CRD# 43706) – BOCA RATON, FL
11/2001 – 09/2003 PROGRAM TRADING CORP. (CRD# 36740) – BOCA RATON, FL
FINRA expelled the firm in 01/2005
08/1998 – 10/2001 WIEN SECURITIES CORP. (CRD# 10467) – JERSEY CITY, NJ
09/1997 – 08/1998 J.P.R. CAPITAL CORP. (CRD# 38056) – SYOSSET, NY
FINRA expelled the firm in 08/2007
06/1996 – 08/1997 GKN SECURITIES CORP. (CRD# 19415) – NEW YORK, NY
05/1995 – 06/1996 GRUNTAL & CO. INCORPORATED (CRD# 372) – NEW YORK, NY
12/1994 – 05/1995 LADENBURG, THALMANN & CO., INC. (CRD# 505) – NEW YORK, NY
09/1994 – 12/1994 SANDS BROTHERS & CO., LTD. (CRD# 26816) – NEW YORK, NY