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Aquinas Advisors and Laurie Ann McRay Reprimanded for Inspection Evasion

The Texas State Securities Board issued Disciplinary Order IC-26-CAF-01 against investment adviser Aquinas Advisors, LLC and its representative Laurie Ann McRay for repeatedly evading and ignoring routine inspection requests between October 2022 and March 2023, and again in February 2025. The order imposes a public reprimand and requires Respondents to produce outstanding records and retain an independent compliance consultant for three years. Non-compliance with the undertaking triggers consent to revocation of their registrations as investment adviser and representative with the Securities Commissioner.

Priority review Enforcement Securities

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