Securities Arbitration Lawyers BlogJohn Thornes Barred by SEC After Conversion Allegations
Alleged conversions include two trusts – one that helped provide Alzheimer’s care and another used to provide scholarships
On August 8, following a 21-year career in the securities industry, John Thomas Thornes has been permanently barred from practicing as a broker by the US Securities and Exchange Commission according to a report published by FINRA.
Thornes was suspended in May for allegedly failing to comply with a prior settlement agreement or award, as well as failure to respond to a FINRA request, according to a FINRA disclosure on Thornes’ broker report.