Francie Bea Rachal (CRD # 2039587, Registered Principal, Murphy,Texas) submitted a Letter of Acceptance, Waiver and Consent in which she was fined $5,000 and suspended from association with any FINRA member in any principal capacity for 10 business days. Without admitting or denying the findings, Rachal consented to the described sanctions and to the entry of findings that she failed to reasonably supervise a registered representative who engaged in unauthorized transactions and sold securities in states in which he was not licensed.(FINRA Case # 2005002154902)