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.

Kristen Anne Jacques
AWC/2010024077701

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

Tags: Expenses