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.
June 2011
Shanoa Adrianne Rose Akins
AWC/2011027093001/June 2011
Associated Person Akins misappropriated approximately $1.1 million from her member firm by creating false entries in the firmís books and records, ranging in amounts of $250 to $50,000, which caused the firm to pay her money to which she was not entitled.
Shanoa Adrianne Rose Akins : Barred
Tags:  Embezzled     |    In: Cases of Note : FINRA
Bill Singer's Comment

According to the AWC, this went on from September 2005 through March 2011. That's a long time to be essentially nickel and diming your way up to nearly $1.1 million.  The fact that Akins was employed as an accountant for the firm may explain how she was able to cover her tracks for so long.

Enforcement Actions