| FINRA.org

From June 2020 through October 2022, DriveWealth did not take timely action on 1,206 customer requests to transfer securities positions and money balances to another broker-dealer. As a result, DriveWealth violated FINRA Rules 11870(a) and 2010. For these violations, DriveWealth is censured and fined $100,000.

23-02196.pdf

24-02618.pdf

24-00260(4).pdf

order to confirm

24-00260(5).pdf

other

24-00260(3).pdf

motion to vacate

2022077443302 Sebastian G. Bongiovanni CRD 4398600 Complaint gg (2025-1751847601507).pdf

The Department of Enforcement alleges: SUMMARY 1. Respondent Sebastian G. Bongiovanni failed to respond to two FINRA staff requests for information and documents made pursuant to FINRA Rule 8210 as part of FINRA staff’s examination into whether Bongiovanni misrepresented his debts in a mortgage application and structured withdrawals in his personal bank accounts. As a result, Bongiovanni violated FINRA Rules 8210 and 2010.

Shelly Bohlin

Shelly Bohlin, Senior Vice President, Data Management and Governance, guides FINRA’s enterprise-wide data strategy, which involves creating and implementing FINRA’s formal data governance program.

Previously, Ms. Bohlin was President and Chief Operating Officer of FINRA CAT, LLC, which operates and maintains the Consolidated Audit Trail (CAT). Before leading FINRA CAT, Shelly served in various roles in Market Regulation, including overseeing the Order Audit Trail System (OATS), a CAT predecessor.

Subscribe to

24-01690.pdf

24-02416.pdf

2021071543601 DriveWealth, LLC CRD 165429 AWC gg (2025-1751847601688).pdf