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.

Herbert Tyrone Hunt (Supervisor)
OS/2007011831101

Hunt borrowed approximately $5,500 from a firm customer contrary to his member firm’s procedures generally forbidding registered representatives from borrowing money from, or lending money to, customers. Loans to or from customers other than immediate family members or financial institutions required prior review and approval by the firm’s compliance department, but Hunt failed to obtain prior approval of the loan. Hunt failed to fully and timely respond to FINRA requests for information and documents. 

Herbert Tyrone Hunt (Supervisor): Fined $5,000; Suspended 18 months