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THOMAS ALVIN III VERNOR, THOMAS VERNOR, TOM VERNOR III
CRD#: 1277533
IA
Previous Investment Adviser
B
Previous Broker
The representative was previously registered both as an investment adviser and as a broker. Visit BrokerCheck for more information on this individual's Broker record. Go to BrokerCheck Site
Without admitting or denying the findings, Vernor consented to the sanctions and to the entry of findings that he willfully failed to amend his Form U4 to disclose a felony charge. The findings stated that although Vernor knew he was required to disclose the felony charge, he chose, voluntarily, to never disclose it on his Form U4.
Resolution
Acceptance, Waiver & Consent(AWC)
Sanctions
Civil and Administrative Penalty(ies)/Fine(s)
Amount
$5,000.00
Sanctions
Suspension
Registration Capacities Affected
All capacities
Duration
Five months
Start Date
6/20/2023
End Date
11/19/2023
Sanctions
Vernor understands that this settlement includes a finding that he willfully omitted to state a material fact on a Form U4, and that under Section 3(a)(39)(F) of the Securities Exchange Act of 1934 and Article III, Section 4 of FINRA's By-Laws, this omission makes him subject to a statutory disqualification with respect to association with a member.
4/1/2022
Criminal
Pending Charge
Charges
SEX ABUSE OF CHILD LESS THAN 12 YEARS OLD
6/5/2014
Customer Dispute
Denied
Allegations
Customer alleged misrepresentation in the sale of a variable annuity. Activity period: 3/19/2008 to 6/5/2014.
Damage Amount Requested
$55,000.00
License(s)
The broker is not currently registered with any state or SRO.
A brokerage firm, also called a broker-dealer, is in the business of buying and selling securities – stocks, bonds, mutual funds, and certain other investment products – on behalf of its customer (as broker), for its own bank (dealer), or both. Individuals who work for broker-dealers - the sales personnel are commonly referred to as brokers.
IA
Investment Adviser
An investment adviser is paid for providing advice about securities to clients. In addition, some investment advisers manage investment portfolios and offer financial planning services.
Disclosures
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.