(CRD #5491743, Arlington, Virginia)

March 17, 2025 – An AWC was issued in which Thomas was assessed a deferred fine of $7,500 and suspended from association with any FINRA member in all capacities for 45 days. Without admitting or denying the findings, Thomas consented to the sanctions and to the entry of findings that he made an unauthorized transaction by effecting a $50,000 fund transfer based on instructions he received from an elderly customer who he knew no longer had the capacity or authority to give such instructions. The findings stated that Thomas received written notice from a doctor at the customer’s long-term care facility that she lacked the capacity to manage her personal affairs. Thomas did not inform anyone at his member firm about the customer’s incapacitation, and he accepted oral instructions from the customer to transfer the funds from her account at her firm to her outside bank account. The firm did not discover the customer’s incapacitation until after Thomas’ voluntary resignation from the firm. The suspension was in effect from March 17, 2025, through April 30, 2025. (FINRA Case #2023079639201)