According to FINRA, several individuals were suspended pursuant to FINRA Rule Series 9554 for failing to comply with arbitration awards, settlements, or orders of restitution:

Kevin Michael Arvoy of Fairfield, Connecticut was suspended from February 8, 2024, through May 12, 2025. His suspension has been lifted.

Michael Barrows of Ladera Ranch, California was suspended effective May 7, 2025.

Kirk James Crossen of Zionsville, Indiana was suspended effective May 1, 2025.

Heather Harris of Parker, Colorado was suspended effective May 15, 2025.

Brooks Burgess Johnson of Isle of Palms, South Carolina was suspended effective May 2, 2025.

Eric John Ludovico of Irvine, California was suspended effective May 7, 2025.

Michael Lawrence Stenson of Carrollton, Texas was suspended effective May 5, 2025.

When customers win arbitration awards or reach settlements with brokers and those brokers fail to pay, FINRA can suspend the broker's registration until the obligation is satisfied. This mechanism helps ensure customers can collect what they are owed.

The lifting of Arvoy's suspension suggests the underlying award or settlement may have been satisfied or otherwise resolved.

For investors with unpaid arbitration awards against any of these individuals, the FINRA Rule 9554 process provides enforcement leverage. The threat of permanent bar from the securities industry often motivates payment.

If you have a judgment against a suspended individual, consult with an attorney about collection options. FINRA suspension is one enforcement mechanism, but there may be others available depending on your circumstances.