Between at least October 2019 and December 2023, Benjamin Edwards failed to reasonably supervise its employees' use of text messaging and failed to preserve and review business-related text messages of registered representatives. These failures continued despite the firm being on notice of its failure to capture business-related text messages. Therefore, the firm violated Section 17(a) of the Securities Exchange Act of 1934, Exchange Act Rule 17a-4, and FINRA Rules 4511, 3110, and 2010.