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.

Gerald Lee Thomason
AWC/2007009936601

Thomason entered false information in the firm’s records by providing incorrect answers on firm forms, thereby concealing his violations of its policies. Thomason violated the firm’s policies when customers, who were not related to him, purchased fixed annuity policies through him and made him their beneficiary without the firm’s prior written permission. Thomason received a customer’s mail at his home or at an address he controlled contrary to his firm’s written policies and without written authorization. 

Gerald Lee Thomason: Barred