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Regulatory Notice 23-04

Summary

FINRA is issuing this Notice to provide guidance for members affected by the recent failures of Silicon Valley Bank (SVB) and Signature Bank (Signature).

Questions concerning this Notice should be directed to your firm’s Risk Monitoring Analyst.

Background

The following is guidance for member firms affected by the recent failures of SVB and Signature.

For Members with Deposits at SVB and Signature:

2020065620601 Maria Acevez Perez CRD 2981386 AWC_geg (2023-1681431611450).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2020065620601 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Maria Acevez Perez (Respondent) General Securities Representative CRD No. 2981386 Pursuant to FINRA Rule 9216, Respondent Maria Acevez Perez submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

2021070765201 Brendan Ercole CRD 6391100 AWC va (2023-1681345211433).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2021070765201 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Brendan Ercole (Respondent) General Securities Representative CRD No. 6391100 Pursuant to FINRA Rule 9216, Respondent Brendan Ercole submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.