From at least January 2018 to June 14, 2024, Securities America failed to establish, maintain, and enforce a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with FINRA Rule 2111 and the Care Obligation of Rule 15l-1 of the Securities Exchange Act of 1934 (Reg BI) with respect to Class A mutual fund recommendations.

From 2019 to 2021, Lewis obtained reimbursement from Wells Fargo business-expense programs for fictitious expenses he had not incurred, in violation of FINRA Rule 2010. He is suspended for one month and fined $10,000.

From July 2021 through June 2022, Barclays Capital Inc. failed to establish and maintain a supervisory system, including written supervisory procedures (WSPs), reasonably designed to supervise employee outside brokerage accounts. As a result, the firm failed to timely collect and review employee outside brokerage account statements for prohibited trading activity in violation of FINRA Rules 3110 and 2010. For this conduct, Barclays is censured and fined $325,000.