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.

Sammons Securities Company, LLC and Carl Monroe Mook (Principal)
AWC/2009017821401

Before Mook terminated his registration with a former member firm, and became registered with Sammons, he accessed the former firm’s system and downloaded customers’ names, addresses, account numbers, account registrations and security products held in the accounts to a compact disk (CD). When Mook began employment with the firm, he turned the CD over to it; the firm then accessed the non-public personal customer information contained on the CD, and using that information, generated and mailed the former firm’s customers transition packets that contained, among other things, a change of broker-dealer form for each securities account. 

Tags: Regulation S-P