According to FINRA, Synapse Brokerage LLC 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 23, 2025. The firm was based in Parker, Colorado and had CRD number 137662. The specific FINRA case number is 2025085003001.

FINRA Rule 9552 allows FINRA to suspend or cancel the membership of firms that fail to respond to information requests or keep their regulatory filings current. When firms do not remedy these failures during a suspension period, the suspension converts to an expulsion.

An expulsion from FINRA membership means the firm can no longer conduct securities business with the public. This is the most severe sanction FINRA can impose on a member firm and reflects a complete failure to meet fundamental regulatory obligations.

The requirement to respond to FINRA information requests and maintain current filings is essential to FINRA's ability to oversee the securities industry and protect investors. Firms that fail to meet these basic obligations demonstrate that they are unable or unwilling to operate within the regulatory framework designed to protect investors.

For any investors who may have had accounts or relationships with Synapse Brokerage, the firm's expulsion means they should take steps to ensure their assets are properly transferred to another broker-dealer. Investors with questions or concerns should contact FINRA or SIPC for guidance.

This action reinforces that FINRA membership is a privilege that comes with ongoing obligations. Firms that fail to meet these obligations will face serious consequences, including the loss of their ability to conduct business in the securities industry.