On March 31st, FINRA announced that it has permanently barred Kirkland, WA, broker Rhonda Lee Breard from the securities industry for defrauding at least 38 clients of at least $8 million through a scheme that involved converting client funds to her personal use while sending falsified account statements to her customers. Breard neither admitted nor denied the charges, but consented to the entry of FINRA's findings. Breard is also facing criminal charges for the same misconduct in U.S. District Court in Seattle. FINRA News Release.