In January 2026, after providing an initial response, Roemmich stated he would no longer provide documents or information to FINRA in response to a written request made pursuant to FINRA Rule 8210. As a result, Roemmich violated FINRA Rules 8210 and 2010 and is barred from associating with any FINRA member firm in all capacities.

On August 25, 2023, while associated with a FINRA member, Joshua Scholnick cheated on the Securities Industry Essentials (SIE) examination. During the examination, which Scholnick took from his home, he used his phone to access prohibited study materials to help him answer the test’s questions. He did so after acknowledging and agreeing to follow FINRA’s SIE Rules of Conduct, which forbid possessing or using phones, notes, and study materials during the examination.

The Department of Enforcement alleges: 1. From April through July 2021 (the Relevant Period), Respondents Spartan Capital Securities LLC (Spartan), its Chief Executive Officer (CEO) John Dennis Lowry (Lowry), and its then-Chief Compliance Officer (CCO) Kim Marie Monchik (Monchik), engaged in a scheme to defraud firm customers who owned restricted shares of a pharmaceutical issuer that they wished to sell shortly after the company’s initial public offering (IPO) underwritten by Spartan. 2.