Enforcement Actions
Financial Industry Regulatory Authority (FINRA)
CASES OF NOTE
2011
NOTE: Stipulations of Fact and Consent to Penalty (SFC); Offers of Settlement (OS); and Letters of Acceptance Waiver, and Consent (AWC) are entered into by Respondents without admitting or denying the allegations, but consent is given to the described sanctions & to the entry of findings. Additionally, for AWCs, if FINRA has reason to believe a violation has occurred and the member or associated person does not dispute the violation, FINRA may prepare and request that the member or associated person execute a letter accepting a finding of violation, consenting to the imposition of sanctions, and agreeing to waive such member's or associated person's right to a hearing before a hearing panel, and any right of appeal to the National Adjudicatory Council, the SEC, and the courts, or to otherwise challenge the validity of the letter, if the letter is accepted. The letter shall describe the act or practice engaged in or omitted, the rule, regulation, or statutory provision violated, and the sanction or sanctions to be imposed.
Roseann Bunshaft
AWC/2010024803101

At the request of a member firm customer, Bunshaft was directed to make direct payments from one of the customer’s brokerage accounts at the firm to pay some of the customer’s personal bills; instead, without the customer’s knowledge or authorization, Bunshaft initiated $23,471.25 in unauthorized transfers of funds from the customer’s brokerage account to pay her own personal credit card charges.

Bunshaft failed to respond to FINRA requests for information.

Roseann Bunshaft: Barred
Tags: Credit Cards  
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