Mary Ann Yzaguirre aka Mary Ann Vargas (CRD # 1357782, Associated Person, San Antonio, Texas) was barred from association with any FINRA member in any capacity. The sanction was based on findings that, in her role in her member firm’s cashiering department, she systematically misappropriated $45,500 by engaging in a check kiting scheme. The findings stated that Yzaguirre deposited personal checks backed by insufficient funds into her personal firm accounts and improperly coded the checks on the firm’s system so that she could have same-day access to the funds, thereby creating artificial balances in her firm accounts that caused the firm to sustain significant losses when her scheme ultimately collapsed. The findings also stated that Yzaguirre made false entries in her firm’s books and records to effectuate her scheme. (FINRA Case # 2007010840401)