Global Vision Holdings inc (GVHIB)

[Hanibal]

FINRA has permanently barred this individual from acting as a broker or otherwise associating with firms that sell securities to the public.

Who is this individual you ask? Well, our friend Glen W. Carnes.

http://brokercheck.finra.org/Individual/Summary/5486261

FINRA RULES 2010, 3270, AND 8210 CARNES PLAYED A KEY ROLE AND WAS ACTIVELY INVOLVED IN THE NEGOTIATION FOR HIM AND HIS MEMBER FIRM CLIENT TO POTENTIALLY PURCHASE A SHELL COMPANY THROUGH WHICH CARNES AND HIS CLIENT PLANNED TO ACQUIRE AT LEAST ONE OTHER BUSINESS AND OBTAIN A LISTING ON THE OTC BULLETIN BOARD. CARNES' FIRM PROHIBITED REGISTERED REPRESENTATIVES FROM PARTICIPATING IN OUTSIDE BUSINESS ACTIVITIES WITHOUT PRIOR WRITTEN APPROVAL. CARNES PARTICIPATED IN AN OUTSIDE BUSINESS ACTIVITY WITHOUT OBTAINING PRIOR APPROVAL FROM HIS FIRM. FINRA REQUESTED THAT CARNES PROVIDE INFORMATION AND DOCUMENTS RELATED TO ITS INVESTIGATION CONCERNING THE FIRM'S ALLEGATIONS THAT CARNES HAD PARTICIPATED IN AN UNAPPROVED PRIVATE SECURITIES TRANSACTION. CARNES' RESPONSE INCLUDED SEVERAL FALSE AND MISLEADING STATEMENTS THAT MINIMIZED AND MISCHARACTERIZED HIS INVOLVEMENT WITH THE SHELL COMPANY.

Resolution: Acceptance, Waiver & Consent(AWC)
Sanctions: Bar (Permanent)
Duration: N/A