FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS Disciplinary Proceeding No. 2018056490335 Department of Enforcement, Complainant, v. Spartan Capital Securities, LLC, CRD No. 146251, Kim M. Monchik CRD No. 2528972, Frederick Joseph Cammarano III CRD No. 2277307, James Pecoraro CRD No. 2440231, John Stapleton CRD No. 2791194, Michael Darvish CRD No. 3243141, Respondents. COMPLAINT The Department of Enforcement alleges: SUMMARY 1.

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. SECURITIES EXCHANGE ACT OF 1934 Release No. 104273 / November 28, 2025 Admin. Proc. File No. 3-20209 In the Matter of the Application of ROBBI J. JONES and KIPLING JONES & CO., LTD., For Review of Disciplinary Action Taken by FINRA OPINION OF THE COMMISSION REGISTERED SECURITIES ASSOCIATION — REVIEW OF DISCIPLINARY PROCEEDING FINRA found that a former member firm and its owner were liable for maintaining inaccurate books and records and for filing materially inaccurate FOCUS reports.

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. SECURITIES EXCHANGE ACT OF 1934 Release No. 104352 / December 9, 2025 Admin. Proc. File No.