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Janice Parise Comment On Regulatory Notice 25-04

Rule 17a-5 requires all member firms to file Schedule 1 of Form X-17A-5. This Schedule is a calendar year--end report filed by all registrants as a supplement to the regular fourth quarter FOCUS report. Schedule 1 requires the reporting of general information designed to measure certain economic and financial characteristics of the registrant. I believe this form is redundant, requesting information that is already available on the Firm’s FINRA Gateway Profile (# of RRs, # of branches

ARB250005-ARB250007 Michael Barrows CRD 2933260 and Eric Ludovico CRD 2932082 OHO Decision ks (2025-1749428401703).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS DEPARTMENT OF ENFORCEMENT, Complainant, v. MICHAEL BARROWS (CRD No. 2933260), and ERIC JOHN LUDOVICO (CRD No. 2932082), Respondents. Expedited Proceeding Nos. ARB250005 and ARB250007 RCM Nos.