Monica Blair Yates (CRD #1999021, Registered Representative, Fincastle, Virginia) submitted a Letter of Acceptance, Waiver and Consent in which she was barred from association with any NASD member in any capacity. Without admitting or denying the findings, Yates consented to the described sanction and to the entry of findings that she obtained possession of two checks drawn against a public customer’s credit union account totaling $139,700 to be used to pay the customer’s federal and state taxes he owed in connection with withdrawals from his 401k account. The findings stated that without the customer’s knowledge or authorization, Yates deposited the checks into her personal account and used the funds for her own benefit. The findings also state that Yates failed to respond fully to NASD requests for information and documents. (NASD Case #2006005593501)

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