2019064742001 Fenix Securities, LLC CRD 159481 AWC lp (2024-1732148408069).pdf
FINANCIAL INDUSTRY REGULATORY AUTHORITY
LETTER OF ACCEPTANCE, WAIVER, AND CONSENT
NO. 2019064742001
TO: Department of Enforcement
Financial Industry Regulatory Authority (FINRA)
RE: Fenix Securities, LLC (Respondent)
Member Firm
CRD No. 159481
Pursuant to FINRA Rule 9216, Respondent Fenix Securities, LLC submits this Letter of
Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the
alleged rule violations described below.
Regulatory Notice 24-12
Summary
FINRA has adopted amendments to Rule 3240 (Borrowing From or Lending to Customers) to strengthen the rule’s general prohibition against borrowing and lending arrangements between registered persons and their customers, narrow some existing exceptions to the general prohibition, modernize the “immediate family” definition, and enhance the notice and approval requirements related to permissible arrangements. The amendments will become effective on April 28, 2025.
The text of the rule change is set forth in Attachment A.
2023078168101 Tavic O Francis CRD 6676717 OHO Decision (2024-1731629998151).pdf
FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS
DEPARTMENT OF ENFORCEMENT,
Complainant,
v.
TAVIC O. FRANCIS
(CRD No. 6676717),
Respondent.
Disciplinary Proceeding
No. 2023078168101
Hearing Officer–BDC
DEFAULT DECISION
September 30, 2024
Respondent is barred from associating with any FINRA member firm in any capacity for failing to provide documents and information requested in connection with a FINRA investigation, in violation of FINRA Rules 8210 and 2010.
Appearances
For the Complainant: Jessica (Ji Eun) Kim, Esq., Eric M.