NOTE: Stipulations of Fact and Consent to Penalty (SFC); Offers of Settlement (OS); and Letters of Acceptance Waiver, and Consent (AWC) are entered into by Respondents without admitting or denying the allegations, but consent is given to the described sanctions & to the entry of findings. Additionally, for AWCs, if FINRA has reason to believe a violation has occurred and the member or associated person does not dispute the violation, FINRA may prepare and request that the member or associated person execute a letter accepting a finding of violation, consenting to the imposition of sanctions, and agreeing to waive such member's or associated person's right to a hearing before a hearing panel, and any right of appeal to the National Adjudicatory Council, the SEC, and the courts, or to otherwise challenge the validity of the letter, if the letter is accepted. The letter shall describe the act or practice engaged in or omitted, the rule, regulation, or statutory provision violated, and the sanction or sanctions to be imposed.

Thomas William Laundrie
AWC/2006006784202

Laundrie failed to supervise his firm’s business consulting business by failing to take any action to determine whether his firm was providing services to stock issuers pursuant to its consulting agreements or was being paid solely for its market making activities. Laundrie failed to take any action to review or monitor his firm’s market making in the issuers’ securities. 

Thomas William Laundrie: Fined $15,000; Suspended 45 days in Principal capacity only