Mark Sullivan (CRD 2531982) is a Bethlehem, Pennsylvania broker. FINRA suspended him from association with any member firm in all capacities for three months and assessed a deferred fine of $10,000, according to an AWC issued August 6, 2026.
Timothy Alan Volker [CRD: 6822657, Phoenix, Arizona], worked for LPL Financial LLC from August 12, 2021, to September 2, 2025. Read on to find out more about Volker’s disclosures.
Timothy Volker is the subject of an investigation initiated by FINRA on March 1, 2026, into allegations that Volker did not report certain outside business activities when Volker was associated with LPL Financial.
Evidently, on August 22, 2025 LPL Financial LLC disaffiliated with Volker. Notably, LPL Financial alleged that Volker took part in an outside business venture and private securities transactions without first notifying the firm and obtaining its approval.
An outside business activity generally involves work, ownership, or compensation apart from a broker’s role with the firm. A private securities transaction generally involves a securities-related deal conducted away from the firm. Firms typically require advance disclosure and approval so they can properly evaluate conflicts, supervision duties, and investor-protection concerns.
Particularly, on March 13, 2026, Exponent Wealth LLC disaffiliated with Volker. Specifically, Exponent Wealth alleged that Volker failed to timely notify the firm about a FINRA inquiry.
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Mark Sullivan (CRD 2531982) is a Bethlehem, Pennsylvania broker. FINRA suspended him from association with any member firm in all capacities for three months and assessed a deferred fine of $10,000, according to an AWC issued August 6, 2026.
Moors & Cabot, Inc. (CRD 594) is a brokerage firm based in Boston, Massachusetts. FINRA censured and fined the firm $125,000 after finding it failed to develop and implement an anti-money laundering compliance program reasonably expected to detect and report suspicious transactions, according to an AWC issued August 24, 2026.
Cowen and Company, LLC (CRD 7616), now part of TD Securities (USA) LLC, is a brokerage firm based in New York, New York. FINRA censured and fined the firm a total of $80,000, of which $40,000 is payable to FINRA, according to an AWC issued August 19, 2026.
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