In 2022, while associated with ICS, Charters participated in a private securities transaction involving the sale of a limited partnership interest in an offering sponsored by a private equity firm that Charters was hoping to join. Charters participated in the private securities transaction without any notice to ICS. By doing so, Charters violated FINRA Rules 3280 and 2010 and is suspended for six months from associating with any FINRA member and fined $10,000.

Between June and December 2021 and January 2022 and January 2024, while associated with PFS Investments, Spinner participated in 41 private securities transactions without providing written notice to the firm, in violation of FINRA Rules 3280 and 2010. For these violations, he is suspended for 12 months from associating with any FINRA member in all capacities and fined $10,000.