Ussec

FOR PUBLICATION

UNITED STATES COURT OF APPEALS

FOR THE NINTH CIRCUIT

TREVOR MICHAEL SALIBA, No. 21-71114 Petitioner, SEC Nos. v. 3-18989 3-18990

U.S. SECURITIES & EXCHANGE

COMMISSION,

Respondent. OPINION

On Petition for Review of an Order of the Securities & Exchange Commission

Argued and Submitted June 7, 2022 Portland, Oregon

Filed August 31, 2022

Before: David M. Ebel, * William A. Fletcher, and Richard R. Clifton, Circuit Judges.

Opinion by Judge Ebel

* The Honorable David M. Ebel, United States Circuit Judge for the U.S. Court of Appeals for the Tenth Circuit, sitting by designation. SUMMARY **

Securities and Exchange Commission

The panel denied in part, and dismissed in part, a petition for review brought by Trevor Saliba challenging a determination by the U.S. Securities and Exchange Commission sustaining two industry bars imposed by the Financial Industry Regulatory Authority (“FINRA”) against him and a separate finding that he violated FINRA Rules 8210 and 2010.

In 2011, NMS Capital Group, LLC, which was wholly owned by Saliba, purchased MCA Securities, LLC,…