On behalf of Lewitas Hyman PC | Mar 16, 2020 | FINRA Compliance
Providing the public with relevant information about securities professionals and their firms is a central component behind BrokerCheck, a free tool administered by the Financial Industry Regulatory Authority, Inc. (“FINRA”). Over the past several years, FINRA has...
On behalf of Lewitas Hyman PC | Aug 28, 2017 | FINRA Compliance, Regulatory Investigations
Did you know that FINRA conducts between 1,500 and 2,000 audits a year? The Financial Industry Regulatory Authority (“FINRA”) delivers audits and regulation services to the financial industry. As a Self-Regulatory Organization (“SRO”), FINRA works closely with the...
On behalf of Lewitas Hyman PC | Jan 10, 2017 | Financial News, FINRA Compliance
The Financial Industry Regulatory Authority (“FINRA”) published its annual Regulatory and Examination Priorities letter, concentrating on specific areas of focus within five broad areas – high-risk and recidivist brokers, sales practices, financial risks, operational...
On behalf of Lewitas Hyman PC | Dec 10, 2016 | Financial News, FINRA Compliance, Regulatory Investigations
The SEC approved amendments to FINRA Rule 12403 of the Code of Arbitration Procedure for Customer Disputes, increasing the number of arbitrators on the public arbitration list from 10 to 15, and increasing the number of strikes to that same list from four to six. The...
On behalf of Lewitas Hyman PC | Mar 10, 2016 | Financial News, FINRA Compliance
The SEC approved a disclosure rule proposed by FINRA requiring that member firms hiring or associating with a registered representative provide the representative’s former clients an “educational communication” to be written by FINRA. The communication is intended...
On behalf of Lewitas Hyman PC | Jan 20, 2016 | Financial News, FINRA Compliance, Regulatory Investigations
By: Lewitas Hyman PC On January 5, 2016 the Financial Industry Regulatory Authority (“FINRA”) published its 11th annual Regulatory and Examination Priorities letter containing its areas of focus in 2016. Within the letter FINRA highlights three broad areas of focus –...
On behalf of Lewitas Hyman PC | Jul 10, 2015 | Financial News, FINRA Compliance
On June 29, 2015, FINRA filed with the SEC a proposed rule change to amend FINRA Rule 2210 (Communications with the Public) to require that member firms include BrokerCheck links on their websites. The new proposal, if approved, would require, “a readily apparent...
On behalf of Lewitas Hyman PC | Jun 20, 2015 | Financial News, FINRA Compliance
On May 27, 2015, FINRA released Regulatory Notice 15-19 (“RN 15-19”) seeking comment on a proposed rule which would require recruiting firms to provide educational communications to retail customers who intend to transfer their assets to a registered representative’s...
On behalf of Lewitas Hyman PC | Jun 10, 2015 | Financial News, FINRA Compliance
FINRA has proposed several amendments to the public communications rules[1] that are designed to ease some of the regulatory burdens associated with these rules, while not sacrificing underlying investor protections. The proposals emerged from a reassessment FINRA...
On behalf of Lewitas Hyman PC | May 20, 2015 | Financial News, FINRA Compliance
On May 12, 2015, FINRA announced that the National Adjudicatory Council (“NAC”) had revised FINRA’s Sanction Guidelines, incorporating several amendments and revisions toughening recommended sanctions for unsuitable or fraudulent conduct. FINRA publishes the Sanction...
