Bryan Smith

Bryan Smith is Senior Vice President of Strategic Intelligence & Analytics (StratIntel) for Member Supervision at FINRA. Mr. Smith leads multi-disciplinary teams, including data scientists, risk specialists and intelligence analysts, responsible for providing proactive and strategic intelligence throughout Member Supervision and to the industry in support of investor protection and market integrity. StratIntel also supports FINRA’s regulatory programs and member firms in identifying, assessing, and responding to emerging risks and threats.

SR-FINRA-2025-015

Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend FINRA Rules 5220, 5320, 6220, 6272, 6279, 6320A, 6320B, and 7620A to conform to the new definition of “round lot” adopted by the Commission under Regulation NMS.

2024082010601 Navaid Financial Services, Inc. CRD 42607 AWC lp.pdf

From May 29, 2018 through July 23, 2024, Navaid failed to include the Non-Transaction- Based Compensation (NTBC) indicator when reporting 12,066 municipal securities transactions to the MSRB’s Real-Time Transaction Reporting System (RTRS), in violation of MSRB Rule G-14. Additionally, from at least May 29, 2018 to June 30, 2025, the firm failed to establish and maintain a supervisory system, including written supervisory procedures, that was reasonably designed to ensure compliance with MSRB Rule G-14, in violation of MSRB Rule G-27. For these violations, Navaid is censured and fined $35,000.
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