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.

Frederick Lee Mathis
2007011906401

Mathis used his manager’s user identification and password to make unauthorized credits to his brokerage account at his member firm and to his bank account at his firm’s bank affiliate. Mathis credited a total of $1,205 from the firm account used to provide credits to customers to which he was not entitled. Also, he failed to respond to FINRA requests for documents and information. 

Frederick Lee Mathis: Barred