In June 2026, Brown refused to appear for on-the-record testimony requested pursuant to FINRA Rule 8210. As a result, he violated FINRA Rules 8210 and 2010 and is barred from associating with any FINRA member in all capacities.

Between December 2023 and March 2024, McRae exercised discretion without written authorization in six customers' accounts. As a result, McRae violated FINRA Rules 3260(b) and 2010 and is suspended in all capacities for 15 calendar days and fined $5,000.

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. SECURITIES EXCHANGE ACT OF 1934 Release No. 105568 / May 28, 2026 Admin. Proc. File No.