|Subject:||Notice of Prohibition|
|Date of Memorandum:||03/13/2009|
|Expiration Date:|| |
|Signed By:||McKenzie, Thomas|
|FCA Contact Person:||Paulsen, Roger|
|List of Attachments:|
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March 13, 2009
To: Chairman, Board of Directors
Chief Executive Officer
All Farm Credit System Institutions
From: Thomas G. McKenzie, Director and Chief Examiner
Office of Examination
Subject: Notice of Prohibition
This memorandum informs the Farm Credit System (FCS or System) that the Farm Credit Administration (FCA) has issued a Notice of Prohibition to Suzanne Holcomb (a former employee of First Pioneer, ACA) on March 13, 2009, and that she is prohibited from serving in a System institution under Section 5.65(d), 12 U.S.C. §2277a-14, of the Farm Credit Act (Act) as a result of a conviction of a criminal offense involving dishonesty or a breach of trust.
Section 5.65(d) provides that, except with the prior written consent of the FCA, it shall be unlawful for any person convicted of any criminal offense involving dishonesty or a breach of trust to serve as a director, officer, or employee of any FCS institution. An institution that violates Section 5.65(d) can be fined $100 per day for each day the violation occurs. Section 5.65(d) does not impose a penalty against the individual.
Prohibitions are also issued regularly by other Federal regulators. In an Informational Memorandum dated August 4, 2006, we provided a listing of the Web sites where notices are posted.
We continue to urge you to monitor these Web sites regularly for updates, and specifically check for prohibitions before offering employment to anyone. If you have any questions regarding this Informational Memorandum, please contact Roger Paulsen, Director, Risk Supervision Division, Office of Examination, at (703) 883-4265, or by e-mail at email@example.com or Jane Virga, Senior Counsel, Office of General Counsel, at (703) 883-4071, or by e-mail at firstname.lastname@example.org.