Enforcement Actions
Financial Industry Regulatory Authority (FINRA)
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.
January 2010
Thailia Alisa Tucker
AWC/2007011330602/January 2010

Registered Principal Tucker misappropriated approximately $847,188.87 from customersí accounts at her member firm and used the funds for her own use and benefit. To facilitate her improper use and misappropriation of customer funds, Tucker

  • caused international customersí accounts to be removed from an abandoned status,
  • caused the addresses for the accounts to be changed to addresses that she controlled,
  • effected unauthorized sales of securities in the customersí accounts,
  • forged Letters of Authorization (LOAs) and Wire Transfer Agreements (WTAs) to transfer funds out of the customersí accounts, and
  • approved and processed the fraudulent LOAs andWTAs.

Tuckerís conduct caused her firm to maintain inaccurate books and records. To make cash available, Tucker sold securities in several accounts without the customersí knowledge or authorization, then transferred the proceeds to herself through relatives by wire or check. Tucker failed to respond to FINRA requests for information and failed to appear for an on-the-record interview.

Thailia Alisa Tucker: Barred
Tags:  Abandoned Accounts    Forgery     |    In: Cases of Note : FINRA
Bill Singer's Comment
What troubles me about this cases is how relatively simple it appears to be for one human being to simply over-ride whatever customer-protection systems and procedures are in place.  Frightening -- but at least they seem to have caught her.
Enforcement Actions