According to FINRA, EKATS Securities, Inc., also doing business as SBC Partners, was expelled from FINRA membership for failure to provide information or keep information current pursuant to FINRA Rule 9552.

The expulsion became effective on June 6, 2025. The firm was based in New York, New York and had CRD number 284750.

FINRA Rule 9552 allows FINRA to suspend or cancel the membership of a firm that fails to provide information or keep required filings current. This rule ensures that FINRA has access to the information it needs to fulfill its regulatory functions and that member firms maintain accurate records.

When a firm is expelled from FINRA membership, it can no longer conduct securities business with the public. Expulsion is the most severe sanction FINRA can impose on a member firm and reflects a complete failure to meet the basic obligations of FINRA membership.

Firms are required to respond to FINRA information requests and to keep their registration information current. These requirements exist to protect investors by ensuring regulatory oversight and transparency. When firms fail to meet these obligations, they may be subject to expedited suspension and expulsion proceedings.

For any investors who had accounts with EKATS Securities, the firm's expulsion means they will need to transfer their accounts to another broker-dealer. Investors should contact FINRA or SIPC if they have questions about their accounts or assets held at the firm.

This action serves as a reminder that FINRA membership carries ongoing obligations. Firms that fail to maintain their regulatory responsibilities face serious consequences, up to and including loss of their ability to conduct business in the securities industry.