John Lowry

03/27/2026: Kim Monchik and John Lowry are each fined $20,000 and suspended in all capacities for two years for violating FINRA Rules 8210 and 2010 by failing to respond timely to requests for documents and information issued pursuant to FINRA Rule 8210. Lowry is also fined $30,000 and suspended for two years in all principal capacities for violating FINRA Rules 3110(a) and 2010 by failing to supervise and failing to maintain a reasonable supervisory system to ensure compliance with FINRA Rule 8210.

11/08/2024: FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS Department of Enforcement, Complainant, v. John Lowry, CRD No. 4336146,and Kim Monchik CRD No. 2528972, Respondents. Disciplinary Proceeding No. 2022075597101 COMPLAINT The Department of Enforcement alleges: SUMMARY 1.Between May 2022 and October 2023, respondent John Lowry failed to timelyrespond to two requests made pursuant to FINRA Rule 8210 until after FINRA issued two follow-up Rule 8210 requests and initiated two expedited proceedings to compel compliance. Between June 2021 and October 2023, respondent Kim Monchik failed to timely respond to five requests made pursuant to Rule 8210 until after FINRA issued six follow-up Rule 8210 requests and initiated five expedited proceedings to compel compliance. As a result, Lowry and Monchik violated FINRA Rules 8210 and 2010.

Reference 2022075597101data-portal.finra.orgdata-portal.finra.orgfinra.org

11/25/2025: The Department of Enforcement alleges: Between March 2021 and October 2021 (the “relevant period”), respondent Spartan Capital Securities, LLC (“Spartan”) made 346 recommendations of securities that had a total principal value of over $24 million to 191 customers, the majority of whom were retail customers, through 16 private placement offerings (“Offerings”). Spartan lacked a reasonable basis to believe these recommendations were suitable or in the best interest of its customers because it failed to conduct reasonable due diligence on the Offerings. Spartan generated over $2.4 million in placement fees from these unsuitable recommendations. By failing to have a reasonable basis to recommend these investments, Spartan willfully violated Regulation Best Interest’s (“BI”) Care Obligation under Rule 15l-1(a)(1) of the Securities Exchange Act of 1934 (“Exchange Act”), and it violated FINRA Rules 2111 and 2010...

Reference 2021069218305data-portal.finra.orgfinra.org