2024081209801 Frank E. Lumpuy CRD 2108307 AWC lp (2025-1749082807387).pdf

From September 2014 through December 2023, while associated with Kovack, Lumpuy engaged in an outside business activity without providing Kovack with complete and accurate written notice of his activities, in violation of FINRA Rules 3270 and 2010. As a result of these violations, Lumpuy has agreed to a two-month suspension from associating with any FINRA member in all capacities and a $5,000 fine.

Vendor Vigilance: Navigating Third-Party Risk

Third-party risk is the most clicked-on topic in FINRA's 2025 Regulatory Oversight Report. But what is third-party risk and why are people so interested in it? What can FINRA member firms do to mitigate that risk? And how can FINRA help? These questions will be answered on the latest episode of FINRA Unscripted, featuring a returning guest, FINRA's Executive Vice President of Member Supervision Greg Ruppert.
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