In January 2024, Robertson recommended that one retail customer invest over 25% of her liquid net worth in an illiquid, private fund that used investor money to buy interests in other funds that made investments in residential real estate. This recommendation was not in the customer’s best interest, and Robertson therefore willfully violated Rule 15l-1(a)(1) under the Securities Exchange Act of 1934 (Reg BI) and violated FINRA Rule 2010.

From at least February 2023 through August 2024, Gunnar violated Regulation Best Interest (Reg BI) and FINRA Rules 3110 and 2010 by failing to establish, maintain, and enforce a reasonable supervisory system, including written policies and procedures, to achieve compliance with Reg BI's Care Obligation, as that rule relates to excessive trading. For these violations, Gunnar is censured and fined $100,000...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. SECURITIES EXCHANGE ACT OF 1934 Release No. 106690 / October 19, 2026 Admin. Proc. File No.

Between January 2020 and September 2023, Goldman submitted untimely or inaccurate notifications with FINRA in 156 instances in connection with its participation in distributions of securities subject to Regulation M under the Securities Exchange Act of 1934. As a result, Goldman violated FINRA Rules 5190 and 2010. In addition, between January 2020 and September 2023, Goldman's supervisory system, including written supervisory procedures (WSPs), was not reasonably designed to achieve compliance with FINRA Rule 5190. As a result, the firm violated FINRA Rules 3110 and 2010.