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Stories of Interest
- New Cyberattack Goes Global, Hits WPP, Rosneft, Maersk
- Deutsche Bank Said to Lose as Much as $60Mn Over Derivative Trade
- Dimon Says JPMorgan Headcount to Keep Rising Despite Automation
- RBS to Cut 443 Jobs In UK, Move Many of Them to India
- Deutsche Bank Bullish on London Despite Brexit
- Supreme Court Nears Finish With Big Cases, Retirement Rumors
- The Richest Person in Every State
- LPL Tabs Scott Seese, Former eBay Exec, as Chief Information Officer
- Fired Biglaw Associate Arrested for Trying to Extort Partners
- Canada's CIBC Completes $5Bn PrivateBancorp Buy
- Word ‘Women’ Literally Never Appears in U.S. Senate’s 142-Page Health-Care Bill
- Stephen Pierce, Goldman Sachs Global Head of Equity Markets, To Retire
- Al Gore 'Not Very Smart,’ But Became Filthy Rich Using Simple Investing Formula - Charlie Munger
- U.S. Regulators, Lawmakers Support Volcker Rule Revamp at Hearing
- Morgan Stanley Opts for Frankfurt as New EU Hub
- A New Risk for Goldman, Morgan Stanley in Stress Tests (subsc reqd)
- A Trump Bump for Law Firm of President’s Lawyer - Kasowitz Benson Torres
- JPMorgan, BofA, Goldman, Citi, Wells Fargo Pass Fed's Stress Test
- Blackstone Stock Still Trading at $31 - Its IPO Price From 10 Years Ago
- NJ Resident and NY-Based Global FX Club Charged with Solicitation Fraud, Misappropriation - CFTC
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NEWSLETTERS & ALERTS
FINRA Publishes Revised Sanction Guidelines
The newly revised FINRA Sanction Guidelines is available and effective immediately. The changes reflect recent developments in the disciplinary process, comport with changes in FINRA’s rules, and accurately reflect the levels of sanctions imposed in FINRA disciplinary proceedings.
- establish a new factor requiring that the exercise of undue influence over a customer be considered for all violations addressed by the
- introduce 3 new Sanction Guidelines: (i) Systemic Supervisory Failures; (ii) Short Interest Reporting; and, (iii) Borrowing From or Lending to Customers;
- present a new factor related to the mitigative effect of regulator or firm-imposed sanctions and corrective action;
- amend 12 sections of the Sanction Guidelines to revise sanctions for more serious FINRA rule violations; and,
- harmonize the Sanction Guidelines to the relevant precedent, prior amendments to the Sanction Guidelines, and FINRA’s rulebook consolidation process.
Direct your questions to:
- Alan Lawhead, Office of General Counsel, at (202) 728-8853; and,
- Jante Turner, Office of General Counsel, at (202) 728-8317.