Enforcement Actions
Financial Industry Regulatory Authority (FINRA)
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.
December 2009
Timothy Terrence Freeman
AWC/2008014928501/December 2009
Freeman misused funds that were not his by charging personal expenses on his corporate credit card, in violation of his member firmís policies, and not making payment when it was due. Freemanís member firm did not authorize the charges and paid the outstanding balance of approximately $2,000 on Freemanís corporate card after he failed to pay the bill for over six months.
Timothy Terrence Freeman: No Fine in light of financial status; Suspended 3 months in all capacities
Tags:  Expenses    Corporate Credit Card     |    In: Cases of Note : FINRA
Enforcement Actions