FINRA Updates Continuing Education Program for Registered Persons
The Financial Industry Regulatory Authority (“FINRA”) recently announced important changes to its rules which deal with continuing education for registered…
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FINRA Withdraws Its Proposed Expungement Rule Changes
FINRA proposed a change to its expungement rules in the Fall of 2020, seeking to alter certain aspects of the…
Read MoreMandatory FINRA Arbitration Is Under Attack Again
Mandatory pre-dispute arbitration agreements ("PDAA's") have long been under fire but now face potential extinction. Congress’s latest attempt to eliminate…
Read MoreJPMorgan Loses FINRA Claim Against Departing Representatives
On October 22, 2020, a panel of FINRA arbitrators rejected claims brought by JPMorgan against three registered representatives–Nathan Shields, Mark…
Read MoreFINRA SUSPENDS EX-MORGAN STANLEY BROKER WHO ADVISED CLIENT ON OUTSIDE TRADING
It can be difficult to know whether a broker’s mistake constitutes a private securities trading violation. Some rules are clear-cut;…
Read MoreFINRA EXPUNGEMENT RULES UPDATE – FINRA’S RESPONSE TO PUBLIC COMMENTS
Expensive changes are coming to FINRA’s expungement request. Under revised, proposed rules submitted by FINRA, expungements requests soon will be…
Read MoreFINRA RULE 2010 AND ALTERING SIGNED CLIENT ACCOUNT FORMS DURING THE CORONAVIRUS PANDEMIC
FINRA rule 2010 is a sweeping provision that mandates brokers and licensed persons subject to FINRA’s jurisdiction maintain “high standards…
Read MoreFINRA Panel Denies J.P. Morgan Request for Injunction
A FINRA arbitration panel has denied J.P. Morgan Securities’ request for a permanent injunction preventing its former broker, Eric Weiss,…
Read MoreFINRA Panel Awards Over $11 Million to Defamed Former UBS Employee
Last week, a panel of FINRA arbitrators ordered UBS Financial Services Inc. to pay over $11 million to a former…
Read MoreFINRA Panel Upends TRO Against Former Broker
Last week, a FINRA arbitration panel took the extraordinary step of ordering the parties to an arbitration to request dissolution…
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