According to FINRA, Michael Scott Desando was fined $5,000 and suspended for three months for excessively and unsuitably trading in the account of a sheriff's deputy with limited investment experience. The customer relied on Desando's advice and accepted his recommendations. The trades caused the customer to pay approximately $37,000 in commissions and trading costs. Desando's trading resulted in an annualized cost-to-equity ratio of 69%, meaning the account would have had to grow by 69% annually just to break even. The trading made it virtually impossible for the customer to realize a positive return. The customer settled an arbitration claim regarding Desando's conduct.