Michael Alfred Thome submitted a Letter of Acceptance,Waiver and Consent in which he was barred from association with any FINRA member in any capacity and ordered to pay $402,137.50, plus interest, in restitution to a customer. Restitution amounts must be paid either immediately upon Thome’s reassociation with a FINRA member firm, 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, Thome consented to the described sanctions and to the entry of findings that he received $435,000 from his former customer to invest in a real estate partnership and in a purported business partnership with Thome. The findings stated that Thome did not invest the funds but misappropriated the funds to pay personal expenses and make purported interest/return of principal payments of $32,862.50 to the customer. The findings also stated that Thome failed to provide requested information to FINRA.

(FINRA Case#2007010830801)