Jupiter Distribution Partners, Inc., Greenacres, Florida

Florida FINRA Investment and Securities Fraud and Mismanagement Attorney, Russell L. Forkey, Esq.

January, 2011:

Jupiter Distribution Partners, Inc. (CRD #130850, Greenacres, Florida) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $20,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it failed to preserve and maintain electronic communication in a non-rewriteable and non-erasable format, and failed to preserve and maintain electronic communication received by and sent to a hand-held electronic device one of its registered representatives operated. The findings stated that the firm failed to have adequate procedures that addressed the retention of electronic communication arising from the use of a hand-held electronic device. The findings also stated that the firm failed to prepare accurate net capital computations by erroneously treating revenue received from a customer as being immediately earned, and as a consequence, the firm failed to file an accurate Financial Operational & Combined Uniform Single (FOCUSTM) Report. (FINRA Case #2009015972701).