John Rice Faces 18-Month FINRA Suspension

John Rice (CRD #: 375297), a broker formerly registered with Rice, Voelker, has been suspended by FINRA, according to his BrokerCheck record, accessed on August 31, 2025. Keep reading to learn more about his alleged conduct as a broker.

FINRA Suspension

On June 23, 2025, John Rice consented to the entry of findings that he allegedly shared material non-public information with two firm clients and executed orders on their behalf.

According to a Letter of Acceptance, Waiver & Consent (AWC), John Rice allegedly shared information concerning upcoming block order transactions from February 2018 through November 2023. Two institutional firm clients allegedly submitted orders on 111 occasions in the same security before the completion of these block orders after receiving this information from John Rice.

In connection with these transactions, John Rice allegedly received $127,549 in commissions. Further, the AWC alleges that 11 different institutional clients who placed the block orders in 35 of these transactions received unfavorable prices as a result of the two institutional clients’ trades. These 11 clients were allegedly harmed in the approximate amount of $71,000.

The AWC concluded that these allegations constituted violations of FINRA Rules 5270 and 2010.

FINRA Rule 5270

FINRA Rule 5270 prohibits brokers from taking advantage of their knowledge of material, non-public information relating to block transactions in order to execute trades before that information has been made public.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Sanctions

John Rice consented to the following sanctions:

• 18-month suspension from associating with FINRA members
• $10,000 fine
• Disgorgement of $127,549 plus interest

His suspension took effect on July 21, 2025, and will end on January 20, 2027. You can read the full AWC here.

Background Information

John Rice has passed the following exams:

• General Securities Principal Examination – Series 24
• Registered Principal Examination – Series 40
• Investment Banking Registered Representative Examination – Series 79TO
• Securities Trader Exam – Series 57TO
• General Securities Representative Examination – Series 7TO
• Securities Industry Essentials Examination – SIE
• Limited Representative-Equity Trader Exam – Series 55
• Registered Representative Examination – Series 1

In the past, he has worked for the following firms:

• Rice, Voelker, LLC (CRD#:39838)
• Johnson Rice & Company (CRD#:19524)
• Howard, Weil, Labouisse, Friedrichs (CRD#:414) 

Kurta Law Can Help

If you worked with John Rice and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.