Understanding the Latest SEC Enforcement Results for 2022
The SEC released its annual summary of all actions brought by the Division of Enforcement over 2022’s fiscal year. As the Division takes a more proactive approach to enforcement, financial advisors and member firms should seek legal counsel as soon as a potential issue arises.
SIFMA Issues Letter Urging SEC Not to Adopt FINRA’s Proposed Expungement Rule Changes
The Securities Industry and Financial Markets Association (SIFMA) released a letter to the SEC urging it to deny FINRA’s proposed rule change, as it fears these amendments are unfair and will cause reputational damage for many financial advisors and firms.
Ruling on FINRA’s Proposed Changes to Expungement Process Delayed Until 2023
FINRA recently announced that it had amended some of its proposed changes to tighten the expungement process further, delaying the SEC’s decision until 2023. Here’s the latest on what these modifications could mean for financial advisors and securities firms.
Understanding the Role of Independent Arbitrators in FINRA Disputes
Individuals wishing to serve as arbitrators in FINRA-related matters must abide by a Code of Ethics, maintain confidentiality, and follow specific procedures for disposing of documents, among other responsibilities.
Your Questions About FINRA’s Expungement Process, Answered
FINRA has proposed several rule changes to the current expungement request process. Unfortunately, these changes would likely make the expungement request process more difficult for firms and broker-dealers to have inaccurate customer dispute information removed from publicly available databases.
SIFMA Reacts to FINRA’s Proposed Rule Changes to Expungement Process
The Securities Industry and Financial Markets Association (SIFMA) has recently weighed in on FINRA’s proposed rule changes that may carry negative and lasting consequences for financial advisors victimized by inaccurate customer dispute information.
FINRA Proposes Expungement Window Be Limited to 2 Years
FINRA intends to make expungements even harder to obtain by shortening this window to a two-year period. You should discuss your situation with an experienced securities law attorney today to learn more.
The Latest on FINRA’s Rules For Pursuing an Expungement of Customer Dispute Information
In recent months, FINRA announced a few substantial rule changes to the expungement request process. Here’s what you need to know about the reasons behind these proposed changes and the potential consequences they may carry if enacted.
Two Years Later, FINRA Still Prioritizing Regulation Best Interest (“Reg BI”)
Since FINRA implemented new Reg BI-related regulation requirements, it has identified a few areas for improvement and highlighted some of the best practices that member firms can use to remain in compliance.
What Financial Advisors Should Know About Recent FINRA Updates
It’s important for financial advisors to stay informed about the latest news and proposed rule changes the Financial Industry Regulatory Authority (FINRA) announces, as amended rules may impact you or your firm. Contact a securities law attorney to learn more.