Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
JARRETT CARTER THOMAS (JARRETT THOMAS) was formerly registered as a broker with WELLS FARGO CLEARING SERVICES LLP of McClean, Virginia, from 03/27/2008 - 06/23/2023. Thomas was previously registered both as a broker and as an investment advisor.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JARRETT THOMAS was fined $7,500.00 and suspended for 45 days by FINRA. This “Regulatory” disclosure was dated 3/17/2025. Without admitting or denying FINRA’s findings, Thomas consented to the sanctions and to the entry of findings that he allegedly made an unauthorized transaction by affecting a $50,000 fund transfer based on instructions he received from an elderly client who he allegedly knew no longer had the capacity or authority to give such instructions.
FINRA’s findings stated that JARRETT THOMAS allegedly received written notice from a doctor at the client's long-term care facility that she lacked the capacity to manage her personal affairs. The FINRA report alleges that Thomas did not inform anyone at his member firm about the client's incapacitation, and he allegedly accepted oral instructions from the client to transfer the funds from her account at her firm to her outside bank account. FINRA states that the firm did not discover the client's incapacitation until after JARRETT THOMAS' voluntary resignation from the firm.
FINRA’s BrokerCheck states that JARRETT THOMAS was registered in the securities industry for 15 years and was listed with one firm. Thomas has 4 disclosures on his FINRA CRD report. There is an “Employment Separation after Allegations” dated 6/15/2023. According to the disclosure, Thomas voluntarily resigned from WELLS FARGO CLEARING SERVICES LLC. The allegations were, “The Firm substantiated allegations FA (financial advisor) took instructions from an unauthorized third party, failed to maintain accurate books and records, failed to escalate health concerns involving a client and failed to obtain approval for an outside activity.”
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Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
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Tony Barouti (CRD: 3031995) faces a pending $230,400 customer claim, according to his BrokerCheck report. He says the allegations in it are false. His report also lists SEC administrative and cease-and-desist proceedings from August 2025.
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