Firms Fined, Individuals Sanctioned Ayre Investments, Inc. (CRD #44499, Agawam, Massachusetts) and Timothy Tilton Ayre (CRD #2091556, Registered Principal, Agawam, Massachusetts) submitted an Offer of Settlement in which the firm was censured, fined $10,000 and undertakes to review its supervisory systems and WSPs for compliance with FINRA rules and federal securities laws and regulations, including those laws, regulations and rules concerning the preservation of electronic mail communications, and certify in writing to FINRA, within 90 days, that the firm has in place systems and procedures to achieve compliance with those rules, laws and regulations. Ayre was fined $10,000 and suspended from association with any FINRA member in any principal capacity for two months. FINRA imposed a lower fine against the firm after it considered, among other things, the firm’s revenues and financial resources. Without admitting or denying the allegations, the firm and Ayre consented to the described sanctions and to the entry of findings that the firm, acting through Ayre, its CCO, failed to establish and maintain a supervisory system and establish, maintain and enforce WSPs to supervise the activities of each registered person that were reasonably designed to achieve compliance with the applicable rules and regulations related to CRD pre-registration checks, exception report maintenance and review, supervisory branch office inspections,
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