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Enforcement Actions
Financial Industry Regulatory Authority (FINRA)
CASES OF NOTE
2009
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.
February 2009 - View all for this month
Amalia Lillian Helton
AWC/2007011017001
Helton owed a bank $533 in overdraft charges and other charges to her checking account; wrote a check from another checking account for $533, knowing she had inadequate funds in the account and submitted the check to the first bank, but the check was returned for non-sufficient funds. Helton failed to respond to FINRA requests for additional information. 
Amalia Lillian Helton: Barred
Bill Singer's Comment
And this all has what to do with FINRA -- yeah, I know, but, puhlease, don't get me started.  You think Madoff bounced any checks that FINRA could have gotten him for?  How about those execs at the major firms now on taxpayer life support?  You think that maybe there's some violation for spending $1 million on your office or throwing a lavish party? If any of you have any ideas, call FINRA with the tip.
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