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.

Colleen Marie McMahon-Hill
2008016040401

McMahon-Hill applied by telephone for bank-issued credit cards in the names of bank customers, without the customers’ authorization or consent, and used the cards to make unauthorized transactions totaling approximately $5,642.97.McMahon-Hill acknowledged that she used the cards without the customers’ permission and did not reimburse the bank for its losses. McMahon-Hill failed to provide FINRA with requested information.

Colleen Marie McMahon-Hill : Barred

Tags: Bank