The Department of Enforcement alleges: Respondent Jason Foley failed to respond to three FINRA staff requests to provide information and documents made pursuant to FINRA Rule 8210 as part of FINRA’s investigation into Foley’s termination from Wilmington Capital Securities, LLC (“Wilmington”). As a result, Foley violated FINRA Rules 8210 and 2010.

In June 2023, while associated with Kestra Investment Services, LLC, Moruzzi certified to the State of New York that he had successfully completed the continuing education (CE) required to renew his state insurance license when, in fact, he had not. Therefore, Moruzzi violated FINRA Rule 2010.