Thomas Laws was a New Mexico based securities broker. He worked in the securities industry for fifteen years. During his career, he was registered with two different securities firms. They were NYLIFE Securities (2002-2006) and HD Vest Investment Services (2006-2017). He is no longer working as a registered securities broker in any fashion.
Thomas Laws’ publicly available FINRA BrokerCheck report shows that he was sanctioned by the United States Securities and Exchange Commission in November 2018. The findings in this matter state that Santa Fe Gold Corporation, a mining company in New Mexico, raised almost $7 million from selling unregistered securities. Between August 2016 an February 2018, the company allegedly transferred Laws approximately $1.1 million of those raised investor funds. This was done so that Thomas Laws could use the funds for corporate purposes that included purchasing a silver mind, the acquisition of mining claims, the purchase of mining equipment, and for third party services to the company. However, instead of using these investor funds for these stated purposes, Laws allegedly converted these funds for his own personal use. He attempted to cover up his deceit by creating fictitious documents. After allegedly failing to comply with a FINRA investigation into the matter, he was barred from acting as a securities broker in any fashion.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Thomas Laws, please contact Oakes & Fosher for a free and private consultation.