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Stories of Interest
- This Family Bet It All on Bitcoin
- Clearinghouses Pass CFTC Liquidity Stress Tests
- President Trump Admits He’s Trying to Kill Obamacare. That’s Illegal.
- Trump Plunges Down List of ‘America’s Richest’
- Is Trump’s “Foreclosure King” in Over His Head?
- FBI Arrests NCAA Basketball Coaches and Adidas Rep in Bribery Probe Involving Recruitment
- Equifax CEO Steps Down Amid Hacking Scandal
- Litigation Costs to Rub Salt in RBS Investor Wounds
- RIAs Poised to Land Wirehouse Recruits - Dan Jamieson
- Citibank and U.K. Affiliate to Pay $550K Penalty for Swap Data Reporting Violations - CFTC
- AIG to Restructure into 3 New Units, Marking CEO's First Big Move
- Accounting Firm Deloitte Says It Suffered Cyberattack (subsc reqd)
- Upcoming FINRA Board Meeting and FINRA360 Update
- Elizabeth Warren Lifts Hold on Trump DOJ Antitrust Nominee
- Bigger Mergers Narrow Indy Reps' Options, Alter IBD Channel - Dan Jamieson
- Dentons to Merge with U.K.'s Murray & Spens
- BigLaw Hogan Lovells Announces Hundreds of Buyouts, Layoffs - Almost 500 Affected
- Faith-Based Advisor Censured for Selling Class A Shares to Clergy
- After FINRA Bar, CFP Board Suspends Texas Advisor
- iCapital Network to Acquire U.S. Private Equity Access Fund Platform from Deutsche Bank
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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.