FINRA barred Jeyakumar Nadarajah from the securities industry and fined Arkadios Capital $25,000, Ebisu Securities in Honolulu elevated its Chief Compliance Officer to a combined CEO/CFO/FINOP role, and the FDIC published its latest CRA compliance examination list across 179 total events.

FINRA Bars Nadarajah, Fines Arkadios Capital

FINRA permanently barred Jeyakumar Nadarajah from the securities industry (Case No. 2022074307401) — the second industry bar in three days, signaling an active enforcement period. Separately, FINRA fined Arkadios Capital, LLC $25,000 (Case No. 2023077131501). Arkadios Capital is a well-known independent broker-dealer based in Atlanta that serves a large network of independent financial advisors. Fines at the $25,000 level typically reflect supervisory or procedural violations rather than fraud — but they remain material entries on a firm's permanent regulatory record.

Ebisu Securities: One Executive, Three Critical Roles

Ebisu Securities Inc. (CRD 305184) in Honolulu recorded one of the most unusual leadership configurations in the broker-dealer industry: Henry Anthony Amado Jr. (CRD 2194573) moved from Chief Compliance Officer to CEO, CFO, and Financial and Operations Principal — pending exam. Concentrating the CEO, CFO, and FINOP functions in a single individual is permitted at smaller broker-dealers but represents a governance model that FINRA examiners scrutinize closely. When the same person sets strategic direction, oversees financial reporting, and certifies net capital compliance, the firm's internal checks and balances are inherently limited.

Harbour Investments Dissolves Co-CCO Model

Harbour Investments, Inc. (CRD 19258) in Madison, Wisconsin, ended its Co-Chief Compliance Officer structure by hiring Scott Owen Conwell (CRD 4238913) as the sole CCO. The two former Co-CCOs were reassigned: Kyle Lee Kopitzke (CRD 5675560) became Director of Transitions & Partnerships, and Richard Oneill Medland (CRD 2748242) became Director of Supervision. The dissolution of a co-CCO model in favor of a single compliance leader with the former CCOs redeployed into operational roles suggests the firm found the shared compliance model difficult to execute and is now centralizing the function.

Pruco Securities Replaces CCO

Pruco Securities, LLC (CRD 5685) in Newark — Prudential Financial's broker-dealer subsidiary — replaced Chief Compliance Officer Paranj Patel (CRD 4235738) with a new CCO. CCO transitions at insurance-affiliated broker-dealers affect how the firm oversees the sale of variable annuities, variable life insurance, and other registered products. Prudential's distribution network is one of the largest in the industry, making any compliance leadership change consequential for the firm's supervisory infrastructure.

Hilltop Securities Reverses C-Suite Swap

Hilltop Securities Inc. (CRD 6220) in Dallas reversed the role changes recorded just one day earlier — Joseph Michael Edge (CRD 4326551) moved back to Chief Financial Officer from Board Director, while Laura Leventhal (CRD 1175259) returned to Board Director from the Treasurer/CAO/Principal Financial Officer role. The one-day reversal suggests the original filing may have been premature or that an internal decision was reconsidered before the changes could take effect.

FDIC Publishes CRA Examination List

The FDIC published its latest list of banks examined for Community Reinvestment Act compliance — a quarterly release that identifies which institutions were evaluated for their lending, investment, and service performance in low- and moderate-income communities. CRA ratings affect bank merger applications, branch expansion approvals, and reputational standing.

34 Registration Changes Lead BD Activity

Thirty-four broker-dealer registration changes were recorded — the highest single-day count for February so far. Eight firms added new DBA names, and four removed existing ones. Thirteen SEC announcements were issued, including exchange filings from Cboe, NYSE American, and NYSE Arca. Twenty-five RIA disclosure events and 17 advisor moves rounded out the advisory channel activity. Eight FOCUS reports were filed.

All data sourced from FINRA BrokerCheck, SEC EDGAR, FDIC, OCC, DTCC, and the Finleet Terminal as of February 5, 2026. Entity profiles are available at terminal.finleet.com.