Lindsay Gregg Thomson (CRD # 2984060, Registered Representative, Scottsdale, Arizona) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for 25 business days. The fine must be paid either immediately upon Thomson’s reassociation with a FINRA member firm following his suspension, or prior to the filing of any application or request for relief from any statutory disqualification, whichever is earlier. Without admitting or denying the findings, Thomson consented to the described sanctions and to the entry of findings that he sent emails to customers that contained factually inaccurate information and/or failed to comply with the content requirements for options communications, and he did not obtain advance supervisory approval from his member firm. The findings stated that the emails were inadequate and/or misleading, contained exaggerated and/or unwarranted statements, referenced projected performance figures, failed to disclose relevant costs and underlying assumptions, and failed to provide a balanced discussion regarding the basis of the performance for past transactions. The findings also stated that the emails did not include the date of each initial recommendation or transaction, its price, the date and price at the end of the period or when liquation was suggested or effected, whichever was earlier, the general market conditions during the period, and that the results should not be viewed as an indicator of future performance. The suspension is in effect from December 7, 2009, through January 12, 2010. (FINRA Case # 2007009417101)

We take cases on a purely contingency fee basis against brokerage firms who employ brokers committing misconduct of this nature. Please contact us for a free evaluation.