Between May 2023 and May 2024, Mogol initiated through his firm brokerage account 30 electronic transfers totaling approximately $85,000 to transfer money from his personal bank account to his firm brokerage account knowing that his bank account lacked sufficient funds to cover the transfers. He used the funds credited to his brokerage account before the transfers were reversed due to insufficient funds. By virtue of this conduct, Mogol violated FINRA Rule 2010. Mogol is suspended for six months and fined $5,000.

From November 2016 through November 2023, Wells Fargo failed to timely cancel or close out 209 failed inter-dealer transactions in municipal securities totaling approximately $6.5 million and failed to timely deliver I 06 municipal securities totaling approximately $3.8 million, violating MSRB Rule G-12(h).