Tuesday, August 26, 2014

Record Number of FINRA Enforcement Cases Expected

Last month we learned that FINRA Enforcement fines were up, and set to surpass last year's fines. If you need any more convincing that now is the time to insure that your policies and procedures are compliant, FINRA is saying that it is on pace to file “a record number of cases this year.”

According to FINRA the top compliance failures are in the areas of suitability, cybersecurity and anti-money laundering andFINRA continues to see a “significant” number of single broker malfeasances, including petty theft, dishonesty, forgery and failure to report on their U-4.

FINRA enforcement continues to have a strong caseload, with a record number of cases on the same pace this year as last,” Brad Bennett, FINRA’s chief of enforcement,

For more information - FINRA on Record Enforcement Pace in ’13, Enforcement Chief Says


--- The attorneys at Sallah Astarita & Cox include veteran securities litigators and former SEC Enforcement Attorneys. We have decades of experience in securities litigation matters, including the defense of enforcement actions and representation of investors, financial professionals and investment firms, nationwide. For more information call 212-509-6544 or send an email.

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