Between February 2016 and October 2019, Carroll violated FINRA Rules 2111, 2330,1122, and 2010 by recommending unsuitable variable annuity exchanges, which caused customers to incur surrender charges. For these and other violations, Carroll is suspended for 12 months and fined $10,000. Between February 2016 and December 2025, the firm’s supervisory system and written supervisory procedures were not reasonably designed to supervise certain exchanges and purchases of variable annuities.

Squires failed to timely amend his Uniform Application for Securities Industry Registration or Transfer (Form U4) to disclose that he had been charged with a felony. As a result, Squires violated Article V, Section 2(c) of FINRA’s By-Laws and FINRA Rules 1122 and 2010. For this violation, Squires is suspended in all capacities for one month and fined $5,000...