Robert Thompson (CRD 713539) consented to FINRA findings that he refused to provide information and documents requested during an investigation into whether he had put customer funds to his own use and had undisclosed outside business activities, according to his BrokerCheck report. FINRA filed the case, numbered 2025088064301, on October 1, 2026, while Thompson was registered with The O.N. Equity Sales Company.
A customer also filed a pending $2,325,953 claim against Thompson in October 2025. Before that, an earlier customer dispute from Walnut Street Securities had settled in 2004.
FINRA found that Robert Thompson refused to provide information and documents the regulator requested while investigating whether he had put customer funds to his own use and had undisclosed outside business activities. Without admitting or denying the findings, Thompson consented to the sanction and to the entry of the findings. The inquiry began during FINRA's review of a Form U5 filing.
FINRA Rule 8210 lets the regulator require documents, information, and testimony on the record during an investigation of a member firm or the people who work for it. Refusing to comply under the rule is itself a separate violation. The rule covers routine examinations as well as investigations tied to a specific customer complaint.
A customer at Walnut Street Securities filed a dispute against Robert Thompson on October 13, 2003, alleging the signature on a premium allocation form was not his and challenging the expenses in a life insurance policy. The customer sought $10,500 in damages.
The dispute later settled on December 21, 2004 for $3,059. Thompson was registered with Walnut Street Securities at the time of the claim, and the matter is the oldest disclosure on his BrokerCheck record.
A customer filed a pending claim against Robert Thompson on October 17, 2025, under docket number DC-25-19289. The customer alleges that Thompson put monies the customer had been awarded in damages from a commercial vehicle event to his own use, during the period between September 2023 and August 2025. The claim seeks $2,325,953 in damages.
No arbitrator has ruled on the claim. The O.N. Equity Sales Company is named in the disclosure alongside Thompson.
FINRA Rule 8210 lets FINRA require documents, information, and on-the-record testimony during an investigation. The rule covers member firms and the people who work for them. Refusing to comply is also a violation in itself. As a result, a refusal often leads to a bar from the securities industry.
FINRA member firms must supervise the activities of their brokers. If you have questions about an account that Robert Thompson handled, call Soreide Law Group at (888) 760-6552. You can also reach us online to speak with a securities attorney. Our securities lawyers handle FINRA arbitration claims on a contingency fee basis. Learn how FINRA arbitration works.
This post summarizes public FINRA records, including BrokerCheck, as of October 10, 2026. Allegations in customer complaints and arbitrations are claims, not findings. Pending claims remain open and undecided. A settlement is also not an admission of wrongdoing. FINRA may also update or correct these records after that date.
Moors & Cabot, Inc. (CRD 594) is a brokerage firm based in Boston, Massachusetts. FINRA censured and fined the firm $125,000 after finding it failed to develop and implement an anti-money laundering compliance program reasonably expected to detect and report suspicious transactions, according to an AWC issued August 24, 2026.
Cowen and Company, LLC (CRD 7616), now part of TD Securities (USA) LLC, is a brokerage firm based in New York, New York. FINRA censured and fined the firm a total of $80,000, of which $40,000 is payable to FINRA, according to an AWC issued August 19, 2026.
Webull Financial LLC (CRD 289063) is a brokerage firm based in New York, New York. FINRA censured and fined the firm $115,000 after finding it maintained inaccurate books and records of options order origin codes, according to an AWC issued August 17, 2026.
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