FINRA

Respondent Wilkerson failed to respond to FINRA request for information.

Letter

Bar (Permanent)

All Capacities

Indefinite

3/23/2017

Pursuant to FINRA Rule 9552(h) and in accordance with FINRA's Notice of Suspension and Suspension from Association letters dated December 20, 2016 and January 13, 2017, respectively, on March 23, 2017, Wilkerson is barred from association with any FINRA member in any capacity. Respondent failed to request termination of his suspension within three months of the date of the Notice of Suspension; therefore, he is automatically barred from association with any FINRA member in any capacity.

First Financial Equity Corporation

Discharged

Mr. Wilkerson borrowed money from one client.

FINRA

WITHOUT ADMITTING OR DENYING THE FINDINGS, WILKERSON CONSENTED TO THE SANCTIONS AND TO THE ENTRY OF FINDINGS THAT HE ENGAGED IN AN UNDISCLOSED OUTSIDE BUSINESS ACTIVITY BY ASSISTING AN INDIVIDUAL TO OBTAIN FINANCING TO PURCHASE A MORTGAGE BUSINESS. THE FINDINGS STATED THAT FOR HIS EFFORTS, WILKERSON RECEIVED APPROXIMATELY $50,000 IN COMPENSATION FROM THE INDIVIDUAL. WILKERSON'S MEMBER FIRM'S WRITTEN SUPERVISORY PROCEDURES REQUIRE THAT EMPLOYEES WHO WISH TO PARTICIPATE IN OUTSIDE BUSINESS ACTIVITIES REQUEST APPROVAL ON THE FIRM'S ASSOCIATE INVESTMENT MONITORING (AIM) WEBSITE PRIOR TO PARTICIPATION. WILKERSON COMPLETED AN ANNUAL CERTIFICATION VIA AIM WHICH ADDRESSED OUTSIDE BUSINESS ACTIVITIES AS WELL AS OTHER ACTIVITIES. WILKERSON DISCLOSED A $25,000 PASSIVE INVESTMENT IN AN ENTITY, WHICH WAS OWNED BY THE INDIVIDUAL; HOWEVER, HE FAILED TO DISCLOSE HIS INVOLVEMENT IN ASSISTING THE INDIVIDUAL TO OBTAIN FINANCING TO PURCHASE A MORTGAGE BUSINESS OR THAT HE WOULD BE RECEIVING $50,000 IN COMPENSATION FOR HIS INVOLVEMENT. ACCORDINGLY, WILKERSON DID NOT PROVIDE PRIOR WRITTEN NOTICE TO THE FIRM OR OBTAIN FIRM APPROVAL TO ENGAGE IN THIS OUTSIDE BUSINESS ACTIVITY OR TO RECEIVE COMPENSATION.

Acceptance, Waiver & Consent(AWC)

Civil and Administrative Penalty(ies)/Fine(s)

$5,000.00

Suspension

ANY CAPACITY

ONE MONTH

9/21/2015

10/20/2015

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

Discharged

ALLEGATIONS THAT THE REGISTERED REPRESENTATIVE VIOLATED THE SCOPE OF AN APPROVED OUTSIDE BUSINESS ACTIVITY AND RECEIVED PAYMENT IN CONNECTION WITH THAT BUSINESS ACTIVITY THAT WAS NOT DISCLOSED TO MANAGEMENT.

THE PROSPECTIVE CUSTOMER ALLEGES MISAPPROPRIATION OF FUNDS FOR BUSINESS DEALS CONDUCTED AWAY FROM THE FIRM FROM FEBRUARY 2012 TO OCTOBER 2012.

$77,832.00

CUSTOMER ALLEGES NONDISCLOSURE OF FEES IN CONNECTION WITH PURCHASE OF BONDS ON JULY 17, 2003.

$70,000.00

MR. WILKERSON STRONGLY DENIES ANY WRONGDOING.

FELONY THEFT BY CHECK

FELONY

I PAID THE CHECK AND THE CASE WAS DISMISSED

AS OWNER OF WILK'S INT'L, I WROTE A CHECK TO MY SUPPLIER WITH THE AGREEMENT THAT HE WOULD HOLD IT UNTIL I DELIVERED AND COLLECTED FROM MY CUSTOMER. THE JOB WAS REJECTED AND MY SUPPLIER DEPOSITED THE CHECK AND FILED FELONY THEFT BY CHECK.

MISDEMEANOR - $20 NSF CHECK TO 7-11

MISDEMEANOR

PAID THE CHECK AND THE CASE WAS DISMISSED.

I WROTE AN NSF $20 CHECK TO 7-11 AS OF THIS DATE 08/08/2000 I AM IN THE PROCESS OF HAVING THIS INCIDENT EXPUNGED FROM MY RECORD

THREE COUNTS OF FELONY THEFT AUTO

FELONY

THE RECORD INDICATED THREE COUNTS OF FELONY THEFT AUTO. NO FORMAL CHARGES WERE FILED. THE ARREST RECORD WAS EXPUNGED ON MARCH 1, 2000

I WAS CONTACED BY THE ST. MARTIN SHERRIF DEPARTMENT AND QUESTIONED CONCERNING A COLEGE ASSOCIATE AND A AUTO THEFT. MR. JONES WAS IN THE USED CAR BUSINESS AND CONTACTED ME ABOUT A CAR. I HAD NO KNOWLEDGE OF THE AUTO THEFT.