Between March 2023 and October 2024, Talbot recommended to one retail customer a series of trades that were excessive and not in the customer’s best interest. As a result, Talbot willfully violated the Best Interest Obligation under Rule 15l-1(a)(1) of the Securities Exchange Act of 1934 (Regulation BI or Reg BI) and violated FINRA Rule 2010. For these violations, Talbot is suspended for four months in all capacities.