(CRD #375297, Folsom, Louisiana)

June 23, 2025 – An AWC was issued in which Rice was assessed a deferred fine of $10,000, suspended from association with any FINRA member in all capacities for 18 months, and ordered to pay deferred disgorgement of commissions received in the amount of $127,549, plus interest. Without admitting or denying the findings, Rice consented to the sanctions and to the entry of findings that he shared material nonpublic information about imminent block order transactions with two institutional customers. The findings stated that after receiving this information from Rice, the customers submitted orders to the firm for execution in the same security prior to the completion of the block order. Rice received $127,549 in commissions for these transactions. In 35 of the 111 transactions, the trades by the customers with whom Rice shared the block trade information resulted in unfavorable prices to the institutional customers who placed the block orders and thus were harmed in the amount of approximately $71,000. The firm voluntarily reimbursed all affected customers during FINRA’s investigation. The suspension is in effect from July 21, 2025, through January 20, 2027. (FINRA Case #2024081782501) If you have suffered losses as a result of John Rice, Sr's act and/or actions, we would like to hear from you. We are currently investigating claims on behalf of clients who have suffered significant losses in their portfolios that are managed by John Rice, Sr. The Schwartz Law Firm represents investors in claims against financial advisors and their firms. If you have questions about your potential claim or need assistance from an investment fraud lawyer, please contact us at 866-330-6707 or email Matthew Schwartz directly at mschwartz@tslfirm.com.