Between January 2022 and August 2023, Arnoldussen violated FINRA Rules 4511 and 2010 by mismarking as unsolicited 1,399 order tickets for securities transactions that he recommended to his customers. For this violation, Arnoldussen is suspended for two months in all capacities and fined $10,000.

Cruz refused to provide information and documents requested by FINRA pursuant to FINRA Rule 8210, in violation of FINRA Rules 8210 and 2010. For these violations, Cruz is barred from associating with any FINRA member in all capacities.

Cheng refused to provide information and documents requested pursuant to FINRA Rule 8210 in connection with an investigation into whether he engaged in undisclosed outside business activities. As a result, Cheng violated FINRA Rules 8210 and 2010 and is barred from associating with any FINRA member in all capacities.