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Former Arvest Ä¢¹½´«Ã½alth Representative Sanctioned by FINRA Over Improper Use of Mistaken Commission Payment

Posted on June 29th, 2026 at 10:55 AM
Former Arvest Ä¢¹½´«Ã½alth Representative Sanctioned by FINRA Over Improper Use of Mistaken Commission Payment

From the desk of Jim Eccleston at Ä¢¹½´«Ã½

The Financial Industry Regulatory Authority (FINRA) has suspended former Arvest Ä¢¹½´«Ã½alth representative Brandon Still for 18 months and fined him $5,000 after determining that he improperly used firm funds that were mistakenly deposited into his account.

As reported by ThinkAdvisor, FINRA found that Still violated FINRA Rule 2010 after receiving compensation that greatly exceeded the amount he was entitled to receive, and then using a portion of those funds to purchase securities.

According to the FINRA Acceptance, Waiver and Consent ("AWC"), Still received a payment of $18,801.39 in January 2025 through his Arvest Ä¢¹½´«Ã½alth checking account. FINRA stated that the payment far exceeded his normal compensation and that he should have received only $1,885.38 for that month.

Rather than notifying the firm about the apparent payroll error, Still transferred $15,000 from the checking account to his personal brokerage account at Arvest Ä¢¹½´«Ã½alth and used the funds to purchase securities, according to ThinkAdvisor.

As ThinkAdvisor reported, Arvest Ä¢¹½´«Ã½alth subsequently filed a Form U5 on March 14, 2025, disclosing that it had terminated Still after determining that he had withdrawn and used firm funds that the company mistakenly deposited into his account.

Still resolved the matter through the AWC without admitting or denying the findings.

Ä¢¹½´«Ã½ LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

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