FINRA Discipline: FINRA Rule 9221

Posted on December 17th, 2016 at 10:00 AM
FINRA Discipline: FINRA Rule 9221

From the Desk of Jim Eccleston at Eccleston Law LLC:

This is the seventh of a series of posts to discuss the rules associated with the FINRA disciplinary process. FINRA Rule 9221 states that when a respondent files an answer to a FINRA disciplinary complaint, he or she may request a hearing; propose an appropriate location for the hearing; and propose that the chief hearing officer select a committee panelist for a hearing panel.

If a respondent fails to request a hearing when answering a complaint, he or she waives the right to a hearing unless a hearing officer grants a later filed motion by the respondent.  A hearing officer can also unilaterally order a hearing in the absence of a request from a respondent. 

The hearing officer is required to serve notice to the respondent at least 28 days before the hearing unless there are extraordinary circumstances required for a shorter notice period or the parties waived the notice period. 

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 fraudbreach 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, FINRA Rule 9221, disciplinary complaint, chief hearing officer,

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