Danny Lynn Kimbrough (CRD # 2337326, Registered Representative, Decatur, Alabama) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for three months. The fine must be paid either immediately upon Kimbrough’s reassociation with a FINRA member firm following his suspension, or prior to the filing of any application or request for relief from any statutory disqualification, whichever is earlier. Without admitting or denying the findings, Kimbrough consented to the described sanctions and to the entry of findings that he borrowed $10,000 from a public customer and the loan document was re-executed in the loan amounts of $10,600 and $7,200. The findings stated that Kimbrough borrowed the funds without his member firms’ written pre-approval. The findings also stated that Kimbrough signed a firm annual certification form in which he represented that he understood that borrowing from a customer was prohibited.

The suspension is in effect from December 15, 2008, through March 14, 2009. (FINRA Case # 2007011202001)