Linscomb Wealth, Inc.

Allegations: 1. PRIOR TO JOINING LINSCOMB & WILLIAMS, CHRIS RUSSELL WAS LICENSED AS A GENERAL SECURITIES REPRESENTATIVE WITH SEVERAL FINRA-MEMBER BROKER DEALERS FROM 2005 THROUGH 2016. THERE WAS NO DISCIPLINARY HISTORY DURING THIS PERIOD. 2. ON SEPTEMBER 21, 2015, FINRA MADE EFFECTIVE A NEW RULE, RULE 3280, WHICH PROHIBITS ANY PERSON ASSOCIATED WITH A MEMBER FROM "PARTICIPATING IN ANY MANNER IN A PRIVATE SECURITIES TRANSACTION" WITHOUT FIRST PROVIDING WRITTEN NOTICE TO HIS EMPLOYING FIRM. 3. IN APPROXIMATELY MARCH 2016, WHILE ASSOCIATED WITH A FINRA-MEMBER BROKER-DEALER FIRM, MR. RUSSELL, UNAWARE OF THE RECENT RULE PUBLICATION, INVESTED PERSONAL MONEY IN A PRIVATE COMPANY THAT PRODUCED CRAFT BEERS. IN ADDITION, SHORTLY THEREAFTER, MR. RUSSELL INDIRECTLY FACILITATED INVESTMENTS BY SEVERAL FRIENDS BY FORWARDING TO THESE INVESTORS RELEVANT PAPERWORK AND INSTRUCTIONS FOR THE INVESTMENT SHOULD THEY HAVE INTEREST. MR. RUSSELL DID NOT RECEIVE ANY SELLING COMPENSATION FOR SOLICITING THESE INVESTMENTS BY FRIENDS. 4. BY VIRTUE OF THE FOREGOING, FINRA DETERMINED ON EXAMINATION THAT MR. RUSSELL VIOLATED FINRA RULE 3280 AS WELL AS THE MORE GENERAL FINRA RULE 2010, REQUIRING ASSOCIATED PERSONS, IN THE CONDUCT OF THEIR BUSINESS, TO OBSERVE HIGH STANDARDS OF COMMERCIAL HONOR AND JUST AND EQUITABLE PRINCIPLES OF TRADE. 5. IN LIEU OF CONTESTING OR APPEALING THESE RULE VIOLATIONS, MR. RUSSELL MADE THE DECISION TO ENTER INTO A WAIVER AND CONSENT WITH FINRA, WITHOUT ADMITTING OR DENYING THE FINDINGS, THAT INCLUDED 2 SANCTIONS: 5.A) A THREE-MONTH SUSPENSION FROM ASSOCIATION WITH ANY FINRA MEMBER FIRM IN ANY CAPACITY; AND 5.B) PAYMENT OF A FINE OF $5,000, UPON ANY FUTURE RE-REGISTRATION WITH A FINRA MEMBER FIRM." Status: Final Sanction Detail: PAYMENT OF A FINE OF $5,000, UPON ANY FUTURE RE-REGISTRATION WITH A FINRA MEMBER FIRM. Summary: IN LIEU OF CONTESTING OR APPEALING THESE RULE VIOLATIONS, MR. RUSSELL MADE THE DECISION TO ENTER INTO A WAIVER AND CONSENT WITH FINRA, WITHOUT ADMITTING OR DENYING THE FINDINGS, THAT INCLUDED 2 SANCTIONS: 5.A) A THREE-MONTH SUSPENSION FROM ASSOCIATION WITH ANY FINRA MEMBER FIRM IN ANY CAPACITY; AND 5.B) PAYMENT OF A FINE OF $5,000, UPON ANY FUTURE RE-REGISTRATION WITH A FINRA MEMBER FIRM."