2022076764101 FTP Securities LLC CRD 129356 AWC lp (2025-1744417192027).pdf

From September 2020 through June 2022, FTP Securities failed to establish, maintain, and enforce a supervisory system, including written supervisory procedures, reasonably designed to achieve compliance with applicable FINRA rules for reviewing and evaluating outside business activities. During this period, the firm received written notice that a registered person was engaging in investment-related outside business activities but failed to reasonably review and evaluate them. As a result, FTP Securities violated FINRA Rules 3110, 3270.01, and 2010, and is censured and fined $35,000.

Regulatory Notice 25-05

Summary

FINRA seeks comment on a proposed new rule to streamline and reduce unnecessary burdens regarding existing requirements addressing the outside activities of member firms’ associated persons, including registered persons (the Proposal). The Proposal is the result of FINRA's retrospective review of FINRA's rules governing outside business activities (OBAs) and private securities transactions (PSTs), FINRA Rule 3270 (Outside Business Activities of Registered Persons) and FINRA Rule 3280 (Private Securities Transactions of an Associated Person), respectively.

ARB240021 Robert James Tracy CRD 1513899 OHO Decision.jr (2025-1744330805406).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS DEPARTMENT OF ENFORCEMENT, Complainant, v. ROBERT JAMES TRACY (CRD No. 1513899), Respondent. Expedited Proceeding No. ARB240021 RCM No. 20240839559 Hearing Officer–LOM EXPEDITED DECISION March 10, 2025 Respondent failed to pay an arbitration award and failed to prove that he had a bona fide inability to pay or make a meaningful payment toward the award. Respondent is therefore suspended from associating with any FINRA member in any capacity until he complies with the award or establishes another valid defense.

2023077024501 Sanctuary Securities, Inc. CRD 205 AWC lp (2025-1744330805642).pdf

From January 2022 to July 2024, Sanctuary Securities failed to develop and implement an anti-money laundering (AML) program reasonably designed to achieve compliance with the requirements of the Bank Secrecy Act (31 U.S.C. § 5311, et seq.) (BSA) and its implementing regulations. In addition, the firm failed to conduct an adequate independent test of its AML program in 2022. As a result, Sanctuary Securities violated FINRA Rules 3310 and 2010.

Rubyna Haslani Zito

Rubyna Haslani Zito is a Senior Vice President of Technology Operations and Services and the Chief of Staff to the CIO at FINRA (Financial Industry Regulatory Authority). She manages Technology Operations and Services that include Technology Compliance Office, Training, Communications, Reporting, Space planning and redesign, as well as financial planning and budgeting. Her responsibilities as Chief of Staff include coordinating strategic priorities, driving key initiatives and monitoring progress against critical deliverables.

Regulatory Notice 25-04

Summary

As a self-regulatory organization, FINRA is committed to continuous improvement that draws on deep engagement with its member firms. Among other benefits, this engagement enables FINRA to better understand and address risks to investors and markets; better adapt its oversight to changing business practices and markets; better support innovation and the deployment of new technologies and services that benefit markets and investors; and build better tools and resources to help member firms serve investors.

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