SoFi Securities replaced its Financial and Operations Principal, AVM's CEO transitioned to limited partner for the second time this month, and Velocity Capital restructured its sole-member ownership entity across 59 total events on a weekend dominated by broker-dealer personnel changes.

SoFi Securities Replaces FINOP

SoFi Securities LLC (CRD 151717) in San Francisco replaced FINOP Alexis Vincent Waddell (CRD 7337272) with Robert Marshall Hill (CRD 6xxxxx). SoFi Securities is the broker-dealer subsidiary of SoFi Technologies, the publicly traded fintech company that offers lending, banking, and investment services through its mobile platform. FINOP transitions at high-growth fintech broker-dealers are closely watched because the financial operations principal is responsible for certifying the firm's net capital compliance — a critical function as the firm scales trading volume and customer account growth.

AVM CEO Steps Down — Again

AVM, L.P. (CRD 16710) in Boca Raton recorded Scott Lawrence Wyler (CRD 2869488) moving from Chief Executive Officer to limited partner for the second time in February. Wyler had been reinstated as CEO on February 14 after initially stepping down on February 13. The renewed departure suggests the original succession plan is now being finalized, with Wyler transitioning permanently to a passive ownership role. Karen Marie Hansen (CRD 5291197) moved from trustee to General Counsel, adding legal leadership capacity.

The three-filing sequence at AVM over nine days — CEO to LP, back to CEO, then LP again — illustrates the complexity of leadership transitions at partnership-structured broker-dealers where ownership interests, trust entities, and executive roles are closely intertwined.

Velocity Capital Restructures Ownership

Velocity Capital, LLC (CRD 171810) in New York replaced its sole member and owner — VCP Holdings, LLC departed and VCP Partners, LLC was added. The entity-level ownership change, from "Holdings" to "Partners," often accompanies a restructuring of the firm's parent company that may involve new investors, partnership conversions, or fund structure changes. Velocity Capital was fined $125,000 by FINRA earlier this month for supervision failures, making the ownership change potentially connected to post-enforcement reorganization.

12 Personnel Changes Across BD Vertical

Twelve personnel changes were recorded across the broker-dealer vertical, along with nine executive departures, six role changes, and five new hires. The high departure-to-hire ratio on a weekend filing day suggests firms are processing accumulated end-of-week separations.

Four RIA Graduations, Two Failures

Four advisory firms completed their SEC registration graduation, while two failed the 120-day process. The 67% success rate on the day is consistent with the month's overall trend. February's cumulative graduation count continues to build, reflecting steady advisory firm formation.

Across the Wire

Eight registration changes, three disclosure changes, two status changes, and two address changes rounded out the broker-dealer activity. Two DBA additions, two vendor additions, and one vendor removal were processed. The day's 59 events reflect typical weekend volume, concentrated entirely in the broker-dealer and RIA verticals with no enforcement, banking, or regulatory policy events.

All data sourced from FINRA BrokerCheck, SEC EDGAR, and the Finleet Terminal as of February 22, 2026. Entity profiles are available at terminal.finleet.com.