FINRA

Dimco was named a respondent in a FINRA complaint alleging that she improperly used her member firm's funds to make purchases that were not related to any business of her firm without its authorization. The complaint alleges that Dimco incurred a total of $20,157.92 in charges on the corporate card issued to her to pay for personal expenditures such as clothing, travel, a laptop, medical and beauty treatments, and other personal expenses while on an approved medical leave from her firm. The firm incurred the expense for these personal expenditures, and Dimco never repaid the firm for these personal expenses, which also were made in contravention of firm policy. The complaint also alleges that Dimco failed to provide information and documents requested by FINRA as part of its investigation into her unauthorized and improper use of firm funds, as well as a possible failure to disclose an OBA to the firm. The information and documents sought from Dimco were material to FINRA's investigation into whether Dimco had improperly used firm funds and were necessary to complete its investigation into whether she had also failed to disclose an OBA to her employer. Dimco's failure to respond to the requests impeded FINRA's investigation into her conduct.

COLUMBIA MANAGEMENT INVESTMENT DISTRIBUTORS, INC.

Voluntary Resignation

Resigned while under investigation for violation of company's corporate travel and expense policy related to misuse of corporate credit card for personal expenses, not resulting in client harm.