Between September 2019 and May 2022, Supreme Alliance failed to establish and maintain a supervisory system and written supervisory procedures reasonably designed to supervise recommendations of purchases and exchanges of deferred variable annuities and supervise the conduct and documentation of investigations into newly hired registered representatives for compliance with FINRA Rule 3110(e). Further, the firm failed to surveil for inappropriate rates of variable annuity exchanges.

From at least December 2017 to March 2022, Interactive Brokers failed to provide certain of its customers with a consolidated display containing all required market data elements at the point of order entry on its trading platforms. As a result, the firm violated Rule 603(c) of Regulation National Market System (NMS) under the Securities Exchange Act of 1934 and FINRA Rule 2010.

Jing refused to provide documents and information requested by FINRA pursuant to FINRA Rule 8210 in connection with an investigation into whether he participated in an undisclosed outside business activity or private securities transaction(s). As a result, he violated FINRA Rules 8210 and 2010 and is barred from associating with any FINRA member in all capacities.

Between April 2019 and September 2025, CIBC failed to report or inaccurately reported 7,501 over-the-counter (OTC) options positions to the Large Options Positions Reporting (LOPR) system in 1,418,430 instances, in violation of FINRA Rules 2360(b)(5) and 2010. Between April 2019 and July 2025, the firm also failed to maintain and enforce a supervisory system, including written supervisory procedures, reasonably designed to achieve compliance with FINRA Rule 2360 in violation of FINRA Rules 3110 and 2010. For these violations, CIBC is censured and fined $425,000.