According to FINRA, Bryon Edwin Martinsen was fined $10,000 and suspended for 15 months for participating in $1.1 million in private securities transactions without notice and for sharing in customer losses totaling $400,000. Martinsen facilitated sales of illiquid alternative investments between customers by introducing buyers and sellers, recommending prices, and assisting with documents. He falsely denied participation in annual questionnaires. Martinsen also made $400,000 in payments to compensate customers for investment losses without firm authorization. He falsely denied making such payments in compliance questionnaires. Sharing in losses and participating in undisclosed transactions creates conflicts and prevents supervision.