On September 19, 2025, Franklin refused to provide documents and information requested pursuant to FINRA Rule 8210. As a result, he violated FINRA Rules 8210 and 2010 and is barred from associating with any FINRA member in all capacities...

In July 2021, Barclays served as an underwriter for an initial public offering in which it had a conflict of interest, but a qualified independent underwriter (QlU) did not participate in the preparation of the registration statement and prospectus and exercise the usual standards of due diligence. As a result, the firm violated FINRA Rules 5121 and 2010.

Between March 2020 and May 2023, while associated with Equitable Advisors, Spano engaged in an outside business activity involving acquiring real estate without providing written notice to his firm. As a result, he violated FINRA Rules 3270 and 2010. For this conduct, Spano is suspended in all capacities for three months and fined $5,000.