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.
Associated Person created expense reports associated with personal
expenses charged to her member firm-issued credit card, which she ultimately
paid. Each expense report, Jacques labeled each
expense as “personal” and attached a check to reimburse the firm for the
personal expenses charged. Jacques signed her
supervisor’s signature on a line on each expense report titled “authorized
approval signature,” and stamped her supervisor’s printed name on a line with
the instruction “print approver name.”Jacques
submitted the expense reports to the firm; neither the firm nor Jacques’
supervisor gave her permission or authority to add her supervisor’s signature
to the expense reports.
Kristen Anne Jacques: Censured; Fined $5,000; Suspended 1 year