Between September 2018 and September 2019, Barth made material misrepresentations and omissions in connection with marketing private placement offerings to other selling representatives at his firm and recommending those offerings to his own customers.

Between January 2018 and May 2022, NewEdge violated MSRB Rules G-11 and G-17 by submitting orders for new issue municipal bonds without disclosing that the bondswere for the firm's dealer account.