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.

Timothy Paul Hackett
AWC/2008013227301

Hacket placed day trades in his personal brokerage account that he maintained at the firm,which resulted in a margin deficiency in that account. Hackett had insufficient assets to satisfy the margin deficiency and, in an effort to satisfy the margin deficiency, accessed one of the firm’s back-office systems and transferred approximately $6,129 from the firm’s general ledger account into his personal account. He failed to appear for a FINRA on-the-record interview.

Timothy Paul Hackett: Barred