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.

Cislyn Louise Beckford
AWC/2009020374801

Beckford misappropriated over $8,200 in funds belonging to her member firm’s customer, from the customer’s retail bank accounts, for her own personal use, resulting in her failure to observe high standards of commercial honor and just and equitable principles of trade. The retail bank reimbursed the customer’s accounts for the missing funds and Beckford reimbursed the retail bank.

Cislyn Louise Beckford : Barred

Tags: Bank