Martinsen refused to provide documents and information requested pursuant to FINRA Rule 8210. As a result, he violated FINRA Rules 8210 and 2010 and is barred from associating with any FINRA member in all capacities.

Between October 2024 and April 2025, Li willfully failed to timely amend her Uniform Application for Securities Industry Registration or Transfer (Form U4) to disclose that she had been charged with two felonies. As a result, Li violated Article V, Section 2(c) of FINRA’s By-Laws and FINRA Rules 1122 and 2010. Li is suspended in all capacities for three months and fined $5,000.

In 2023, while registered with FINRA through an association with Kestra Investment Services, Thomas borrowed $50,000 from a firm customer who was not an immediate family member and without providing prior written notice to or obtaining approval from the firm. As a result, Thomas violated FINRA Rules 3240 and 2010. For these violations, Thomas is suspended for one month and fined $5,000.