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Written by 4:02 pm Blog, Securities Fraud Articles

Thailia Alisa Tucker barred from FINRA for securities fraud

FINRA recently announced that Thailia Alisa Tucker, a former financial advisor for Wachovia Securities, LLC in Miami , Florida , has been barred from association with any FINRA member in any capacity.

Without admitting or denying the findings, Tucker consented to the described sanction and to the entry of findings that she misappropriated approximately $847,188.87 from customers’ account at her member firm and used the funds for her own use and benefit. The findings further stated that to facilitate her improper use and misappropriation of customer funds, Tucker caused international customers’ accounts to be removed from an abandoned status, caused the addresses for the accounts to be changed to addresses that she controlled, effected unauthorized sales of securities in the customers’ accounts, forged Letters of Authorization (LOAs) and Wire Transfer Agreements (WTAs) to transfer funds out of the customers’ accounts, and approved and processed the fraudulent LOAs and WTAs. Tucker’s actions caused her firm to maintain inaccurate books and records. Finally, the findings stated that, to make cash available, Tucker sold securities in several accounts with the customers’ knowledge or authorization, then transferred the proceeds to herself through relatives by wire or check.

In addition to working as a financial advisor for Wachovia Securities, Thailia Tucker was also a registered representative for Global Strategic Investments, LLC, First Union Brokerage Services, Inc., Raymond James & Associates, Dean Witter Reynolds, Inc., and Merrill Lynch, Pierce, Fenner & Smith, Incorporated.

If you have questions about investments you made with Thailia Alisa Tucker, or if you believe that you are the victim of a misappropriation or other conversion by your financial advisor, The White Law Group may be able to help. To speak to a securities attorney please call our Chicago office at 312-238-9650 for a free consultation.

The White Law Group is a national securities fraud, securities arbitration and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida.

For more information on the firm visit https://whitesecuritieslaw.com.

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