Since June 2019, Moomoo has failed to have a reasonable supervisory system, including written supervisory procedures (WSPs), concerning Large Options Positions Report (LOPR) reporting. Until March 2023, Moomoo failed to have any system to identify and report reportable options positions of firm customers held in omnibus accounts and, through the present, its supervision of LOPR reporting remains unreasonable. Further, Moomoo failed to report more than 4,000 listed options in more than 20,000 instances.

Between September 2021 and February 2024, Meyer exercised discretion without written authorization in connection with 334 trades in 45 accounts belonging to 32 customers. As a result, Meyer violated FINRA Rules 3260(b) and 2010 and is suspended in all capacities for six weeks and fined $5,000...

Ceterko refused to provide documents and information requested by FINRA pursuant to FINRA Rule 8210 in connection with a FINRA investigation into undisclosed outside business activities, undisclosed private securities transactions, and whether she accessed the accounts of multiple of her former PFS customers while she was associated with LPL. Ceterko also refused to appear for on-the-record testimony requested pursuant to FINRA Rule 8210 in connection with FINRA’s investigation.