Michael John Kman Jr. (CRD #1928664, Registered Representative, Enola, Pennsylvania) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any NASD member in any capacity. Without admitting or denying the findings, Kman consented to the described sanction and to the entry of findings that he received checks totaling $131,600 from a public customer intended to be used for the customers’ benefit. The findings stated that Kman deposited the checks into a bank account he owned and used a substantial portion of the funds for his own benefit without the customers’ knowledge or authorization. The findings also stated that Kman failed to respond to NASD requests for information and failed to appear to provide testimony. (NASD Case #2006004281301)

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