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Jarrett Carter Thomas

Regulator action

United States. Named in 1 sanctions listing.

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Sanctions and listings1

  • Official designation

    Financial Industry Regulatory AuthorityUS FINRA Enforcement ActionsUnited States

    03/17/2025: In June 2023, while associated with Wells Fargo Clearing Services, Thomas accepted instructions from an elderly customer, Customer A, to transfer $50,000 from her account at Wells Fargo Clearing Services to her outside bank account. Thomas knew that Customer A was suffering from advanced dementia and that she did not have the capacity or authority to give those instructions. By effecting the $50,000 funds transfer based on Customer A's instructions, Thomas made an unauthorized transaction in violation of FINRA Rule 2010. For this conduct, Thomas is suspended for 45 calendar days and fined $7,500.

    Reference 2023079639201data-portal.finra.orgfinra.org

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