FINRA

NASD RULE 2110 - A MEMBER FIRM, ACTING THROUGH APRYL A. THOMPSON AND THE FIRM'S PRESIDENT, ESTABLISHED AND HAD EXCLUSIVE CONTROL OVER A TRADING ACCOUNT AT ANOTHER FINRA MEMBER TO RECEIVE, HOLD AND ENGAGE IN SECURITIES TRANSACTIONS FOR FIRM CUSTOMERS. THE FIRM PROCESSED STOCKS SALES THROUGH THE FIRM'S OPERATING ACCOUNTS BEFORE BEING DELIVERED TO CUSTOMERS. THE FIRM WAS REQUIRED TO ESTABLISH A SPECIAL RESERVE BANK ACCOUNT, TO PERFORM MONTHLY RESERVE COMPUTATIONS AND MAKE APPROPRIATE DEPOSITS INTO THE ACCOUNT. THE FIRM, ACTING THROUGH THOMPSON, FAILED TO MAKE ANY COMPUTATIONS OR DEPOSITS, CAUSING HER FIRM TO VIOLATE SECTION 15(C) OF THE EXCHANGE ACT, SEC RULE 15C3-3 AND NASD RULE 1014.

Acceptance, Waiver & Consent(AWC)

Monetary/Fine

$7,500.00

Censure

REQUALIFICATION

WITHOUT ADMITTING OR DENYING THE FINDINGS, THOMPSON CONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS; THEREFORE, SHE IS CENSURED, FINED $7,500 AND REQUIRED TO REQUALIFY BY EXAM AS A FINANCIAL AND OPERATIONS PRINCIPAL ON OR BEFORE JUNE 1, 2008, UNLESS OTHERWISE EXTENDED BY FINRA STAFF.