According to FINRA, Conrad Kenneth Branson was fined $5,000 and suspended for 45 days for effecting unauthorized transactions in customer accounts and exercising discretionary authority without proper authorization. Branson executed unauthorized trades in accounts held by the same family without their prior knowledge or consent. The firm compensated the family $78,919 for losses resulting from the unauthorized transactions. Branson also exercised discretionary authority in multiple customer accounts without obtaining prior written authorization and without having the accounts accepted as discretionary by the firm. Unauthorized trading violates fundamental customer protection rules and can cause significant financial harm.