Kim Monchik and John Lowry are each fined $20,000 and suspended in all capacities for two years for violating FINRA Rules 8210 and 2010 by failing to respond timely to requests for documents and information issued pursuant to FINRA Rule 8210. Lowry is also fined $30,000 and suspended for two years in all principal capacities for violating FINRA Rules 3110(a) and 2010 by failing to supervise and failing to maintain a reasonable supervisory system to ensure compliance with FINRA Rule 8210.

Respondent is barred from associating with any FINRA member firm in any capacity for failing to appear for on-the-record testimony requested in connection with a FINRA investigation, in violation of FINRA Rules 8210 and 2010.

Between January 2021 and December 2025, Brentwood failed to establish and implement an anti-money laundering (AML) compliance program reasonably designed to identify and verify the identities of the beneficial owners of its legal entity customers, in violation of FINRARules 3310(b) and 2010. Between January 2018 and January 2024, Brentwood failed to establish and implement a written AML compliance program that provided for annual (on a calendar-year basis) independent AML testing, and the firm conducted no independent AML testing between 2018 and 2023, in violation of FINRA Rules 3310(c) and 2

Joyce refused to provide information and documents requested pursuant to FINRA Rule 8210. As a result, Joyce violated FINRA Rules 8210 and 2010 and is barred from associating with any FINRA member in all capacities.