Across 258 events today, leadership restructuring dominated the tape. Huntington Investment Company executed a coordinated three-role reshuffle, JB Drax Honore’ replaced its combined CEO/CCO with an interim, and Pershing lost a board member. Jump Trading swapped clearing entities within ABN AMRO’s U.S. structure. On the advisory side, 30 firms graduated to SEC registration while 5 failed the 120-day window — the highest single-day failure count this week.
Huntington Investment Company Restructures Three Senior Roles
The Huntington Investment Company (CRD 16986), the Large introducing broker-dealer based in Columbus, Ohio, filed three simultaneous role changes in a coordinated leadership restructure.
Michael Miroballi was elevated from Board Member to President. Stephen Monroe Richardson was promoted from FINOP to Chief Financial Officer. Michael Evans Brunner transitioned from Municipal Principal to ROSFP (Registered Options and Securities Futures Principal).
Huntington clears through National Financial Services (CRD 13041, the Fidelity clearing arm), is registered across 53 jurisdictions, and operates 12 business lines spanning equities, municipals, variable insurance, private placements, and advisory services. The three-role restructure — moving a board member into the presidency, separating the FINOP from the CFO function, and shifting a municipal specialist into options oversight — signals a deliberate operational realignment.
JB Drax Honore' Replaces Combined CEO and CCO with Interim
JB Drax Honore' Inc. (CRD 322118), the Small New York-based broker-dealer, lost Terence Gerard Mcbride, who held the combined role of Chief Executive Officer and Chief Compliance Officer. John Franklyn Robbins was filed as Interim CEO and CCO.
Dual-hatting the CEO and CCO roles is common at smaller firms but draws regulatory scrutiny. The departure of a combined CEO/CCO — particularly when the replacement is interim — raises questions about succession planning. JB Drax Honore' carries 3 regulatory disclosure events.
Jump Trading Swaps ABN AMRO Clearing Entities
Jump Trading, LLC (CRD 106124), the Chicago-based proprietary trading firm, removed ABN AMRO Clearing Chicago LLC as a vendor and added ABN AMRO Clearing USA LLC in its place — a migration from ABN AMRO's legacy Chicago entity to its consolidated U.S. clearing operation.
Jump maintains a 10-vendor clearing and execution stack that includes Goldman Sachs, Barclays Capital, J.P. Morgan Securities, BofA Securities, and CIBC World Markets. The ABN AMRO swap reflects an ongoing consolidation within the Dutch bank's U.S. clearing infrastructure.
Pershing Loses Board Member; Wealthfront Elevates FINOP
Pershing LLC (CRD 7560), the Large Jersey City-based self-clearing firm, filed the departure of board member James Francis Kearney III, who also departed from Pershing Advisor Solutions LLC as Chief Risk Officer in the same filing cycle.
Separately, Wealthfront Brokerage LLC promoted Evgeniya Rudneva from FINOP to Deputy CFO and FINOP — a title expansion that keeps the financial and operations principal function while adding executive-level responsibilities.
Ashton Thomas Securities Brings In New CFO
Ashton Thomas Securities, LLC hired Kevin Kading as Chief Financial Officer, while existing President Joseph Anthony Lanzisera dropped the CFO title from his combined President and CFO role. The split separates the finance function from the presidency — a governance improvement that mirrors Huntington's FINOP-to-CFO separation.
RIA Graduations: 30 Firms Complete SEC Registration
Thirty investment advisers graduated to full SEC registration, led by New York (10 firms), Texas (3), Florida (2), New Jersey (2), and California (2).
Fastest graduation: Washington Park Capital Management of Oregon at 104 days. FFO Investments of Florida completed at 106 days. Slowest: Clear Wave Wealth Management of New Jersey and LC Vero Manager of New York at 140 days. Median: 134 days.
120-Day Registration Failures: 5 Firms Terminated
Five firms failed to complete registration within the 120-day window — the highest single-day count this week. Birchwood Creek Capital Management (Connecticut) terminated at exactly 120 days. Deianira Capital Management (Florida) and Driftmark Capital (Texas) both terminated at 136 days. Sharpe Advisors (New York) at 133 days. Thirtyone Wealth (Florida) terminated earliest at 87 days.
Advisor Moves and Disclosures
UBS Asset Management Americas moved 4 advisors to UBS Financial Services — an internal consolidation rather than a competitive departure. MissionSquare Retirement moved 3 advisors to MissionSquare Wealth Management in a similar internal restructure.
One competitive departure stood out: an LPL Enterprise advisor moved to J.P. Morgan Securities.
Meadows Wealth Management rebranded to Capitol Landing Wealth. Fifteen disclosure events were recorded, including two new customer complaints at Principal Securities and a new customer complaint at Merrill Lynch.
Source: Finleet Terminal Ticker (terminal.finleet.com). 258 events processed. Data derived from FINRA BrokerCheck, SEC EDGAR, SEC Form ADV, and NSCC MPID Directory.