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.

Daniel Glenn Carlen (Principal)
AWC/2009016529101

Carlen was associated with a member firm and was also employed as a supervisor of payroll for a non-registered third-party administration company related to the firm. Carlen systematically directed unauthorized payments from the administration company’s payroll to a business entity under his sole control and converted the funds to his personal use. When Carlen was confronted with actual falsified checks and tampered bank statements, he signed a written statement in which he confessed to embezzling $235,000 and misappropriating the funds for his personal use.

Daniel Glenn Carlen (Principal): Barred

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