Between April 2022 and July 2023, Hohensee recommended that two customers invest in eighteen structured notes without having a reasonable basis to believe the recommendations were in the customers’ best interests based on their investment profiles. As a result, Hohensee willfully violated the Care Obligation of Regulation Best Interest and violated FINRA Rule 2010. For this misconduct, Hohensee is suspended for six weeks in all capacities, fined $10,000, and ordered to pay restitution of commissions to the two customers in the amount of $7,530 plus interest...

From January 2018 through the present, Great Point violated FINRA Rules 3110 and 2010 by failing to establish, maintain, and enforce a supervisory system, including written supervisory procedures, reasonably designed to achieve compliance with rules prohibiting manipulative trading.

From at least January 2016 through April 2020, JPMS failed to reasonably supervise a registered representative who generally recommended an investment strategy that involved taking large, concentrated positions in high-yield securities using leverage. Customers in this strategy lost money during a period of significant market volatility starting in March 2020.

Between March 25 and March 27, 2024, Snow converted 13 fee-based advisory accounts into commission-based brokerage accounts and executed trades in the brokerage accounts without informing the customers of material facts related to the account conversions and trades. Snow’s negligent omissions violated FINRA Rule 2010. During the same period, Snow also exercised discretion without written authorization in violation of FINRA Rules 3260(b) and 2010. For these violations, Snow is suspended from associating with any FINRA member firm in all capacities for six months and fined $20,000.