SECURITIES

Burbank Firm Sanctioned: Toluca Pacific Securities Corp. and a principal were fined $25,000 each by the National Assn. of Securities Dealers. Peter J.H. Blowitz was also prohibited from associating with any NASD member in any principal capacity for two years, after which he must requalify by passing an examination. Without admitting or denying the allegations, the firm and Blowitz consented to the sanctions, which were based on findings that they allowed James Everett Brumm to remain associated with Toluca after he was “statutorily disqualified” by the NASD and that they failed to supervise his activities properly. Brumm was fined $10,000 and must requalify via examination.