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.

William Ambos Gill
AWC/2009016629001

Gill withdrew $13,000 from a customer’s securities account without the customer’s knowledge or permission by having checks drawn on the account payable to the customer. The checks were sent to Gill’s office, where he signed the customer’s name on the receipt acknowledging delivery, signed the customer’s name on the reverse side of the checks andmade each check payable to himself. Gill signed his own name beneath the customer’s purported endorsement and then deposited the funds into his personal checking account.

William Ambos Gill: Barred

Tags: Checks