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.
August 2010
Danica Danialah King
AWC/2009017881901/August 2010
King came into possession of counterfeit credit cards containing stolen consumersí credit card information that had been electronically captured from credit cards the consumers used while dining. King used the phony credit cards to purchase gift cards and electronic items and then sold the cards and electronic items on an eBay account she controlled and operated, thereby engaging in money laundering. King failed to respond to FINRA requests for information.
Danica Danialah King: Barred
Tags:  Money Laundering    Credit Cards     |    In: Cases of Note : FINRA
Enforcement Actions
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