Enforcement Actions
Financial Industry Regulatory Authority (FINRA)
CASES OF NOTE
2009
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.
November 2009
Lorraine Leonie Macko
2007009415301/November 2009
Macko misused her member firmís funds by causing funds to be credited to her personal firm brokerage account and making withdrawals totaling nearly $5,000 from that account, while failing to timely make deposits corresponding to the posted credits. Mackoís account did not have sufficient funds (NSF) to cover her withdrawals, which her member firm funded. Macko caused her member firmís books and records to be inaccurate as the false credits were reflected in the firmís books and records.
Lorraine Leonie Macko: Fined $6,000; Suspended 1 year in all capacities
Tags:  NSF     |    In: Cases of Note : FINRA
Enforcement Actions
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