From January 2018 through December 2023, Merrill Lynch invited customers who phoned its call centers to complete a post-call survey, which included a written commentary section. However, the firm did not reasonably review the written responses to identify customer complaints and failed to reasonably supervise to achieve compliance with its quarterly summary and statistical customer complaint reporting obligations under FINRA Rule 4530( d). As a result, Merrill Lynch did not report thousands of customer complaints in the survey responses to FINRA.

From January 2021 to the present, Prime Number failed to establish and implement an anti-money laundering (AML) program reasonably designed to detect and cause the reporting of suspicious transactions and failed to conduct reasonable testing of its AML program, in violation of FINRA Rules 3310(a), 3310(f)(ii), 3310(c), and 2010. From July 2020 to December 2024, Prime Number failed to supervise or preserve its registered representatives’ business-related communications sent or received using unapproved communications platforms, in violation of Section 17(a) of the Securities Exchange Act of 193

From October 2023 through August 2025, Percent Securities failed to timely file with FINRA offering documents for 372 member private offerings, in violation of FINRA Rules 5122 and 2010. For these violations, Percent Securities is censured and fined $60,000...

On 64 days between June 2022 and May 2023, BMI conducted a securities business while failing to maintain its minimum required net capital, in violation of Section 15(c)(3) of the Securities Exchange Act of 1934, Exchange Act Rule 15c3-l, and FINRA Rules 4110(b)(1) and 2010.