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.

Kimberly Ann Stain
AWC/2008012206001

In response to customers’ requests to withdraw funds from bank-issued instruments each owned, Stain accessed the computer system of a bank affiliated with her member firm, and, in violation of the bank‘s internal policies and without its authorization, caused the customers’ instruments to be liquidated in a manner that enabled them to avoid fees and/or charges that they otherwise would have incurred. This unauthorized conduct caused the bank to lose revenue to which it was entitled.

Kimberly Ann Stain: Fined $5,000; Suspended 2 years