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.

Junying Bao
AWC/2009020840201

Associated Person Bao was in possession of unauthorized study aids while taking the Investment Company and Variable Contracts Products Representative qualification (Series 6) exam. Bao agreed by electronic submission prior to the exam not to possess notes, formulas, study materials or electronic devices in the exam room or during restroom breaks; but during a restroom break, she accessed unauthorized study materials from her locker.

Junying Bao : Fined $5,000; Suspended 2 years

Tags: Testing