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

I learned two important things working with Eccleston Law. First, I made a friend and ally with Jim and Steph for life. Secondly, and this is a crucial life lesson - if you need counsel, then seek out the very best. Jim was referred to me by a most trusted source. I've never had to hire an attorney for anything. Now, I know the value of hiring an important partner. Meticulous, thorough and detailed in preparation is the best way to describe Jim. Brilliant too, I might add. Bottom line, I would highly highly recommend Jim and Stephany for your legal needs. One of the best life decisions I've ever made.

Howard S.

LATEST NEWS AND ARTICLES

February 21, 2024
SEC Alleges Fraud Against Morgan Stanley and Former Executive in Block Trading Business

As reported by the Wall Street Journal, the Securities and Exchange Commission (SEC) has charged Morgan Stanley & Co. LLC and its former head of equity syndicate desk, Pawan Passi, with a multi-year fraud involving the disclosure of confidential information related to block trades.

February 20, 2024
Challenges Persist: Firms Struggle to Comply with Regulation Best Interest

FINRA's annual report for 2024 reveals a concerning trend among broker-dealers, with numerous instances of violations of Regulation Best Interest (Reg BI).

February 19, 2024
FINRA Flags Violations in 70% of Broker-Dealers' Crypto Communications

During a two-year-old targeted examination, the Financial Industry Regulatory Authority (FINRA) has identified potential violations in 70 percent of broker-dealers' communications about cryptocurrencies.