Enforcement Actions
Financial Industry Regulatory Authority (FINRA)
CASES OF NOTE
2010
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.
July 2010
Cheryl Ann Daniel
AWC/2008013810201/July 2010

Daniel took confidential customer information, including social security numbers, upon her departure from a member firm and used the information to solicit business at her new member firm. As a result of Danielís former firm findings, her new firm conducted a review of her files that revealed that she had retained copies of or originals of her former firmís account documents.

Daniel responded falsely to a FINRA request for information pertaining to the matter, but later acknowledged to FINRA that she had provided false information after being confronted with copies of documents she had retained.

Cheryl Ann Daniel : Barred
Enforcement Actions
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