From February 2018 through November 2023, Rice shared material non-public information concerning imminent customer block order transactions with two firm customers. After sharing the information, Rice executed orders on behalf of those customers in the same security prior to completion of the block order transactions. As a result, Rice violated FINRA Rules 5270 and 2010, and he is suspended for eighteen months in all capacities, fined $10,000, and ordered to disgorge $127,549 plus interest.