Recently, FINRA has modified the FINRA Sanction Guidelines (Regulatory Notice 11-07). The FINRA Regulatory Notice indicates that the changes reflect the experience of FINRA’s Departments of Market Regulation and Enforcement in settling and litigating cases, and incorporate the findings of federal appellate courts and SEC precedent in recent FINRA disciplinary cases. The revised Sanction Guidelines are effective immediately and are available on FINRA’s website.
Lax & Neville regularly represents small firms and individuals in FINRA enforcement matters. If you have any questions please call.