⚖️FINRA's Proposed Rule Change on Sanctions Effectiveness
The SEC published a notice regarding FINRA's proposed rule change that allows delayed effectiveness of certain sanctions and actions. The amendments provide a framework for firms to seek relief before sanctions become effective, addressing the balance between regulatory enforcement and firms' rights to contest disciplinary measures. The change aims to enhance procedural fairness while maintaining investor protection.
Learn More⚖️FINRA Proposes Rule Change on Expulsion Effectiveness
The Financial Industry Regulatory Authority (FINRA) proposes a rule change that stays the effectiveness of certain expulsions and related FINRA actions against member firms until reviewed by the SEC. This aligns with legal precedents and aims to enhance clarity and fairness in the discipline of member firms while maintaining investor protection standards.
Learn More📄SEC Rule 19d-3
The SEC is soliciting comments on Rule 19d-3, which governs applications for review of final disciplinary actions by self-regulatory organizations. This includes sanctions, membership denials, and access prohibitions. The notice outlines the expected burden on respondents regarding compliance and seeks public feedback to optimize the information collection process.
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