A new report examines the disciplinary actions taken by the Financial Industry Regulatory Authority during 2023, reports WealthManagement. The law firm Eversheds Sutherland (US) LLP completed its annual study by reviewing FINRA’s monthly disciplinary reports, press...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
FINRA Compliance
SEC Approves Tougher FINRA Expungement Rules
The Securities and Exchange Commission approved updated rules to FINRA’s expungement process. The updated rules make it more difficult for registered representatives to expunge customer complaints from their records. Importantly, this rule change does not impact...
Number of disciplinary actions brought by FINRA reported to be declining
A report compiled by a Washington, D.C. attorney shows a significant decline in disciplinary actions brought by the Financial Industry Regulatory Authority in recent years, AdvisorHub reports. Gary Carleton, a former enforcement lawyer for FINRA and the Securities and...
Reforms set to begin for process of choosing arbitrators for FINRA forums
Beginning next Monday, the process of choosing arbitrators for Financial Industry Regulatory Authority forums will undergo some revisions, AdvisorHub reports. FINRA is making the rules changes in response to an independent review by a law firm, which called for...
Changes to FINRA’s arbitrator selection process set to take effect next month
The Financial Industry Regulatory Authority has notified member firms of amendments that have been made to its arbitrator list selection process, ThinkAdvisor reports. In Regulatory Notice 24-03, FINRA said it was making the changes in response to a report from...