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.

Christopher William Shanahan
AWC/2008014404801

Shanahan misappropriated more than $30,000 from his member firm. Shanahan was issued a corporate credit card to pay for his business travel and other business-related expenses and, while use of the corporate credit card for personal expenses was prohibited by his member firm, Shanahan sought and received reimbursements for more than $30,000 of personal expenses to which he was not entitled. Shanahan submitted falsified expense reimbursement reports, causing his firm’s books and records to be inaccurate.

Christopher William Shanahan: Barred

Tags: Expenses