FINRA Discipline: FINRA Rule 9214

Posted on December 8th, 2016 at 9:00 AM
FINRA Discipline: FINRA Rule 9214

From the Desk of Jim Eccleston at Eccleston Law LLC:

This is the fourth of a series of posts to discuss the rules associated with the FINRA disciplinary process. FINRA Rule 9214 gives authority to the chief hearing officer to order the consolidation of two or more disciplinary proceedings under circumstances where such consolidation would further the efficiency of the disciplinary process and where the subject complaints involve common questions of law or fact.

In addition, FINRA Rule 9214 also gives an individual party the opportunity to file a motion to consolidate two or more disciplinary proceedings for the same reasons stated above.

Moreover, the chief hearing officer and the parties involved have the option to file a motion to sever a disciplinary proceeding if the same or similar evidence reasonably would be expected to be offered at each of the possible hearings, the severance would conserve time and resources and one of the parties would suffer unfair prejudice if the severance is not ordered. Similar to the motion to consolidate, the chief hearing officer or the parties must file a motion for severance in order to initiate the process. 

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of securities for financial investors including unauthorized tradingsecurities fraud, breach of fiduciary dutyretirement planning negligence, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today. 

Related Attorneys: James J. Eccleston

Tags: Eccleston, Eccleston Law, Eccleston Law LLC, James Eccleston, FINRA, Rule 9214, FINRA Rule 9214, chief hearing officer, file a motion, severance

Return to Archive

TESTIMONIALS

Previous
Next

You guys are good!

Mike L.

LATEST NEWS AND ARTICLES

October 15, 2021
FINRA Bars Former LPL Advisor Who Allegedly Misappropriated Elderly Client’s Funds

The Financial Industry Regulatory Authority (FINRA) has barred a former LPL advisor who allegedly misappropriated a senior client’s funds and subsequently failed to cooperate in FINRA’s investigation.

October 14, 2021
NASAA Targets Unpaid Arbitration Awards With Proposed New Model Rules

The North American Securities Administrators Association (NASAA) has proposed new rules in an attempt to reduce the large number of arbitration awards that go unpaid to investors who prevail as claimants in arbitration proceedings.

October 13, 2021
SEC Freezes Assets and Halts Alleged Fraudulent Scheme By Ron Harrison

The Securities and Exchange Commission (SEC) has obtained an emergency court order freezing the assets of Ron Harrison, who allegedly operated an ongoing fraudulent scheme.