FINRA Expungement
- Nov 24 2021
By: Jeffrey M. Haber What is Expungement and When is It Granted? Expungement is the process by which a brokerage firm or registered representative seeks to remove an adverse disclosure …
Category: FINRA
FINRA Seeks SEC Approval of Amendments to Rule 2165 in the Fight Against the Exploitation of Seniors and Vulnerable Investors
- Jun 14 2021
As we have noted previously, the financial exploitation of seniors is a significant problem (e.g., here, here, here, here, and here). For many regulators, it is a top priority. [Ed. Note: Last year, we spoke …
FINRA Proposes Amendments to Rule 2165 to Further Combat Suspected Financial Exploitation of Seniors and Vulnerable Adults
- Oct 12 2020
As we have noted, the financial exploitation of seniors is a significant problem (e.g., here, here, here, here, and here). For many regulators, it is a top priority. [Recently, we …
Enforcement News: Interactive Brokers LLC Agrees to Settle Charges It Failed To File Suspicious Activity Reports for U.S. Microcap Securities Trades
- Aug 12 2020
On August 10, 2020, the Securities and Exchange Commission (“SEC” or the “Commission”) announced (here) that Interactive Brokers LLC (“Interactive Brokers”) agreed to pay $11.5 million to settle charges it …
COVID-19 and the SEC and FINRA: Adjusting and Fully Operational
- Apr 1 2020
The coronavirus (“COVID-19”) has impacted the public and private sectors in so many ways – many of which are unprecedented and beyond the scope of this article. The Securities Exchange …
Court Finds No Basis for Triggering Mandatory Arbitration Under FINRA Rules
- Jun 27 2019
Arbitration is an alternative form of dispute resolution where the parties voluntarily agree that a neutral, private person will resolve any legal disputes between them, instead of a judge or …
SEC, NASAA, and FINRA Recognize One-Year Anniversary of The Senior Safe Act by Promoting Increased Reporting of Suspected Financial Exploitation of Seniors and Vulnerable Adults
- Jun 3 2019
It has been a little over one year since President Trump signed into law the Senior Safe Act of 2018 (“Act”) (here). Enacted as part of the Economic Growth, Regulatory …
Contract Forum Selection Clause Trumps Arbitration Requirement In U-4
- Mar 21 2018
The Financial Industry Regulatory Authority (“FINRA”) is the largest independent, non-governmental regulator of broker-dealer firms doing business in the United States. See UBS Fin. Servs., Inc. v. W. Va. Univ. …
FINRA Releases 2018 Exam Priorities for 2018
- Jan 26 2018
The Financial Industry Regulatory Authority (“FINRA”) recently released its 2018 Regulatory and Examination Priorities Letter (the “Priorities Letter”) (here). [A copy of the announcement can be found here.] The Priorities …
