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:

James Burchett Cross of Bozeman, Montana was suspended from February 5, 2025, through April 1, 2025, in connection with FINRA Arbitration Case #24-01744. His suspension has been lifted.

Joshua Nathan Helmle of Oceanside, California was suspended effective April 3, 2025, in connection with FINRA Arbitration Case #24-00004.

John W. Nelson of Akron, Ohio was suspended effective April 10, 2025, in connection with FINRA Arbitration Case #24-02320.

Kevin F. Shipley of Orlando, Florida was suspended effective April 28, 2025, in connection with FINRA Arbitration Case #24-02227.

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 award is satisfied. This mechanism helps ensure that customers can collect what they are owed.

For investors who have unpaid arbitration awards, FINRA Rule 9554 provides a means of enforcement. The threat of losing the ability to work in the securities industry often motivates payment.

Investors with arbitration awards against these individuals should note their suspension status. For Cross, whose suspension has been lifted, this suggests the underlying award or settlement may have been satisfied. For the others, their continued suspension indicates the obligations remain outstanding.

If you have a judgment against a suspended individual, you may want to consult with an attorney about collection options, as FINRA suspension is just one enforcement mechanism available.