Kevin Comment On Regulatory Notice 25-06

To Whom It May Concern at FINRA,

I’m writing as a long-time trader in the OTC markets to share my honest concerns about how Rule 15c2-11 has impacted retail investors like myself.

This rule may have been created with good intentions — to protect investors and clean up bad actors — but the way it’s been enforced has done real damage to people who’ve spent years trading these markets responsibly.

2023079147402 Andrew Buckanavage CRD 6207055 Complaint lp.pdf

The Department of Enforcement alleges: 1. Between November 2022 and April 2023, while registered with FINRA through Allen, Mooney & Barnes Brokerage Services, LLC (CRD No. 142619) (AMBBS), Respondent Andrew Buckanavage converted $177,962.80 when he charged personal, non-business expenses to his corporate credit card without his employer’s authorization and had his employer pay for those unauthorized personal expenses by submitting false expense reports that identified those charges as business expenses or by failing to notify his employer that the charges were for personal expenses.
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