From December 2012 through September 2018, UBS FSI submitted approximately 17,000 blue sheets to FINRA that inaccurately reported one or more of eight types of transaction information. Collectively, the firm failed to include required transactions or transaction information, or included incorrect information, for approximately 4.4 million transactions. Therefore, UBS FSI violated FINRA Rules 8211, 8213, and 2010.

Belo-Osagie refused to respond to a request for documents and information issued pursuant to FINRA Rule 8210. Therefore, Belo-Osagie violated FINRA Rules 8210 and 2010 and is barred from associating with any FINRA member in all capacities.

Between November 2019 and December 2020, while associated with Morgan Stanley, La Rosa processed 15 transfers of funds totaling $90,700 from the trust accounts established for Customers A and B, a married couple, to their joint brokerage account upon instructions given to him by Customer A, who was not authorized to direct transactions in the trust accounts. By this conduct, La Rosa made unauthorized transactions in violation of FINRA Rule 2010 and is suspended for one month and fined $5,000.

In December 2024, Hayes refused to produce information requested pursuant to FINRA Rule 8210. As a result, Hayes violated FINRA Rules 8210 and 2010 and is barred in all capacities from associating with any FINRA member.

Between January 2014 and August 2023, while associated with Feltl & Company, Pagel recommended that four customers invest all or a significant portion of their assets at the firm in speculative, high-risk stocks, or engage in short-term trading, that was not in the customers’ best interest or was unsuitable. By this conduct, Pagel willfully violated Rule 15l-1(a)(1) of the Securities Exchange Act of 1934 (Regulation BI) (for activity on or after June 30, 2020) and violated FINRA Rule 2111 (for activity prior to June 30, 2020) and FINRA Rule 2010.