According to FINRA, Fundit, Inc. was suspended from FINRA membership pursuant to FINRA Rule 9552 for failure to provide information or keep information current.

The Fairfield, New Jersey firm's suspension began on September 18, 2025. Fundit is a funding portal, which is a type of entity registered with the SEC and FINRA that operates under Regulation Crowdfunding to facilitate securities offerings by startups and small businesses.

FINRA Rule 9552 authorizes FINRA to suspend a firm that fails to provide information or documents requested pursuant to FINRA Rule 8210, or that fails to keep its membership information current. During a suspension, the firm cannot conduct securities business.

Funding portals play an important role in the crowdfunding ecosystem by providing platforms where companies can raise capital from both accredited and non-accredited investors. Because these platforms serve retail investors who may have limited investment experience, FINRA oversight of funding portals is particularly important.

The requirement to provide information and maintain current records allows FINRA to monitor funding portal activities and ensure compliance with Regulation Crowdfunding requirements designed to protect investors.

Investors who have used Fundit's platform should be aware that the firm's suspension means it cannot currently facilitate new offerings. However, the suspension does not affect existing investments made through the platform, though investors should monitor their investments and any communications about the suspension.

This case demonstrates that FINRA actively oversees funding portals as well as traditional broker-dealers. The suspension will remain in effect until the firm complies with FINRA's information requests.