The Blog Of The Securities Industry Professional Association

Steven Thornton for NAC

The SIPA ia proud to support Steven Thornton for the NAC.   He is a small firm owner and SIPA member who has been a supporter of your causes for years.  Please print and fax his petition as soon as possible so he can be added to the ballot.  This petition is only to have him added to the ballot and ensure that your voice is heard.

Click here for the petition

Steven L. Thornton

Steven L. Thornton is the President of Thornton & Associates, LLC. He is responsible for the general operations, consulting and FINOP services provided by the firm. Mr. Thornton has over 20 years of securities compliance, auditing and accounting experience. He specializes in the areas of FINRA, SEC, RIA and MSRB compliance, net capital regulation, general accounting practices, and FINRA new membership applications and membership application changes. Mr. Thornton also maintains the Series 7 (general securities representative), Series 24 (general securities principal), Series 55 (equity trader), Series 79 (investment banking) and Series 28 (financial and operations principal) and series 99 (operations professional) licenses. Over the last 10 years, Mr. Thornton has been registered with over 60 broker dealers as a Financial and Operations Principal as well as a General Securities Principal.

Prior to forming Thornton & Associates, LLC, Mr. Thornton held a position as a securities examiner with the National Association of Securities Dealers (NASD Regulation, Inc.). While with the Association, he was a member of the NASD Regulation Examination Committee where he assisted in the development of trading and market making audit procedures and the restructuring of the new-hire regulatory training program. He received national recognition as the recipient of the prestigious NASD President’s Award that recognizes outstanding service as a securities examiner.

In 2009 Mr. Thornton was elected to a 3 year term on the FINRA District 2 Committee. Mr. Thornton currently is a member of the Board of Directors for the National Association of Broker Dealers.

Mr. Thornton served in the United States Marine Corps from 1989 – 1995 and is a veteran of Operation Desert Shield/Storm.

After his military service, Mr. Thornton received his Bachelor of Science Degree from California State University, Northridge with a major in Finance. He currently speaks at compliance seminars for securities compliance professionals, and has been a guest speaker on the KNX 1070 Business Hour radio show. Mr. Thornton has also testified in Orange County Superior Court as an expert witness regarding issues relating to sales practice violations, investment advisor and broker dealer registration, suitability, and the implementation of supervisory systems.


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September 12th, 2014



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