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2023079069001 Kirk J. Crossen CRD 2742256 Complaint lp (2025-1765585198863).pdf
The Department of Enforcement alleges:
1. Between February 2022 and January 2023, while registered with FINRA through an association with Morgan Stanley, Respondent Kirk J. Crossen borrowed a total of $400,000 through three loans from a customer, Trust A. Morgan Stanley’s written supervisory procedures (WSPs) did not allow Crossen to borrow from Trust A because neither Trust A nor its beneficial owner, Individual A, was an immediate family member. At the time of the loans, Individual A was 84 years old and suffering from the onset of dementia.
2.
Regulatory Notice 25-15
Summary
FINRA has adopted amendments to Rules 6380A and 6380B to extend the operating hours of the FINRA Trade Reporting Facilities from opening at 8:00 a.m. Eastern Time to opening at 4:00 a.m. Eastern Time each business day. These amendments will take effect on March 30, 2026.
The text of the amended rules is available in the online FINRA manual.
Questions concerning this Notice may be directed to:
Information Notice 11/14/25
Summary
The SEC recently amended its rules governing electronic submission of filings and other materials to the SEC. The amendments require, among other things, that members submit their annual reports pursuant to SEA Rule 17a-5 to the SEC electronically in lieu of paper form, and they also make changes to the Financial and Operational Combined Uniform Single Report (FOCUS Report). FINRA is issuing this Notice to highlight key changes and compliance dates that affect members.
23-00807(4).pdf
Other - Appeal
