Gunn, Jr., Marshall D. of Jacksonville, FL

As a result of a decision of a hearing panel of the Joint Trial Board, Mr. Gunn’s AICPA membership was terminated effective December 16, 2023. Mr. Gunn was found guilty of violating the following rules of the AICPA Code of Professional Conduct:

General Standards Rule .01a. Professional Competence (2.300.001)

Mr. Gunn individually, or in his role as owner, provided a professional service for which he did not have the professional competence to undertake. Specifically, he did not possess the appropriate technical knowledge to provide services related to a Collateralized Mortgage Obligation (CMO) Trading Program.

General Standards Rule .01b. Due Professional Care (2.300.001)

Mr. Gunn did not exercise due professional care as an owner of a management LLC and asset service corporation when providing professional services for the CMO Trading Program. Specifically, he did not conduct due diligence into understanding the administration, process, or structure of the CMO Trading Program.

Acts Discreditable Rule (2.400.001)

Mr. Gunn committed an act discreditable to the profession when he disseminated information that he knew or should have known, was false and misleading to investors in the CMO Trading Program.