MIRAE ASSET SECURITIES (USA) INC.

In February 2026, Spencer used internet-enabled eyeglasses to access test material and cheat on the FINRA Series 6 Examination. Accordingly, Spencer violated FINRA Rules 1210.05 and 2010 and is barred from associating with any FINRA member in all capacities.

Ehnot willfully failed to timely amend his Uniform Application for Securities Industry Registration or Transfer (Form U4) to disclose an unsatisfied tax lien and an unsatisfied judgment. As a result, Ehnot violated Article V, Section 2(c) ofFINRA's By-Laws and FINRA Rules 1122 and 2010. For this violation, Ehnot is suspended in all capacities for two months and fined $5,000.

Between at least October 2021 and April 2023, Webull routed options orders for execution with inaccurate origin codes, resulting in the execution of approximately 180,000 options contracts with an origin code of “Customer” that should have been coded “Professional Customer.” These inaccurate origin codes were contained in the firm’s books and records.

From at least January 2018 through October 2024, Raymond James failed to report approximately 2.56 million fractional share liquidations to the FINRA/Nasdaq Trade Reporting Facility (TRF) and the Over-the-Counter Reporting Facility (ORF), in violation of FINRA Rules 6380A, 6622, and 2010. From at least January 2018 through October 2024, Raymond James failed to establish and maintain a supervisory system reasonably designed to comply with its reporting obligations for fractional share trades, in violation of FINRA Rules 3110 and 2010.