Michael Anthony White (CRD # 1281593, Registered Representative, Texarkana, Arkansas) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $20,000 and suspended from association with any FINRA member in any capacity for one year. Without admitting or denying the findings, White consented to the described sanctions and to the entry of findings that he accepted loans totaling $504,000 from public customers without his member firm’s permission prior to accepting the loans, and did not subsequently disclose to his firm that he had accepted the loans. The findings stated that White completed annual compliance questionnaires in which he falsely represented to his firm that he had not borrowed money from, or loaned money to, any firm customers. The findings also stated that White engaged in outside business activities without providing written notice to his firm.(FINRA Case # 2006003881701)