Stephen Paul Grantham (CRD # 4673736, Registered Representative, Tulsa, Oklahoma) submitted an Offer of Settlement in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the allegations, Grantham consented to the described sanction and to the entry of findings that he converted $11,663.76 of customers’ funds and misappropriated the funds by withdrawing the monies from Individual Retirement Accounts (IRAs) at an affiliate bank of his member firm. The findings stated that, during the firm investigation and the subsequent interview, Grantham confessed through a prepared and signed written statement regarding the thefts informing that he had misappropriated the funds, converted the funds to his personal use and acknowledged that the withdrawals were made without the customers’ consent. The findings also stated that Grantham failed to respond to FINRA requests for information. (FINRA Case # 2008012871301)

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