NOTE: Stipulations of Fact and Consent to Penalty (SFC); Offers of Settlement (OS); and Letters of Acceptance Waiver, and Consent (AWC) are entered into by Respondents without admitting or denying the allegations, but consent is given to the described sanctions & to the entry of findings. Additionally, for AWCs, if FINRA has reason to believe a violation has occurred and the member or associated person does not dispute the violation, FINRA may prepare and request that the member or associated person execute a letter accepting a finding of violation, consenting to the imposition of sanctions, and agreeing to waive such member's or associated person's right to a hearing before a hearing panel, and any right of appeal to the National Adjudicatory Council, the SEC, and the courts, or to otherwise challenge the validity of the letter, if the letter is accepted. The letter shall describe the act or practice engaged in or omitted, the rule, regulation, or statutory provision violated, and the sanction or sanctions to be imposed.

Thomas James Sinclair
AWC/2008016123101

Registered Principal Sinclair misappropriated $17,500 from a former customer’s account by fabricating Letters of Authorization (LOAs) without the customer’s consent or authorization, and submitted the LOAs to his former firm and requested that the funds be wired from the former customer’s account to the accounts of a current customer and friends.

Thomas James Sinclair: Barred

Tags: LOA