FINRA Discipline: FINRA Rule 9251

Posted on January 14th, 2017 at 10:30 AM
FINRA Discipline: FINRA Rule 9251

From the Desk of Jim Eccleston at Eccleston Law LLC:

This is the fifteenth in a series of posts to discuss the rules associated with the FINRA disciplinary process. FINRA Rule 9251 identifies the types of documents that should be made available to respondents by FINRA for inspection and copyingduring the disciplinary proceeding. These documents include but are not limited to:  all requests for information issued; all transcripts and transcript exhibits; and all other documents obtained from persons not employed by FINRA.

Furthermore, according to the rule if the documents are material and relevant to the disciplinary proceeding in which a respondent is a party, FINRA must make the documents available no later than 14 days after any staff member receives the documents and 10 days if a hearing on the merits is scheduled to begin.

Moreover, FINRA may withhold a document from a respondent if the document is privileged, constitutes attorney work product, and is an examination or inspection report or other note or writing prepared by a FINRA employee that should not be offered in evidence. 

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 advisors including Employment MattersTransition Contract ReviewState Licensing and RegistrationFINRA Defense, 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 9251, FINRA disciplinary process, transcripts, transcript exhibits,

Return to Archive

TESTIMONIALS

Previous
Next

I just wanted to say thanks again for preparing and executing my case in such a professional manner. It was a pleasure to watch two professionals take such pride in their work, as well as becoming personally in tune with your client (Me). I would personally recommend you and your firm to anyone.

John O.

LATEST NEWS AND ARTICLES

October 27, 2021
Former LPL Advisor Suspended For Completing 22 Trades Absent Client Consent

The Financial Industry Regulatory Authority (FINRA) has suspended and fined a former LPL advisor who allegedly completed 22 trades on behalf of a client without obtaining written consent. FINRA has issued a $5,000 fine and has suspended Michael Hartlett for 10 days.

October 26, 2021
Former Advisor Fails To Reverse Bar After Alleged $1 Million Theft From RBC

A former RBC Wealth Management advisor lost his bid to reverse an industry bar, according to an appellate decision issued by the Financial Industry Regulatory Authority (FINRA).

October 25, 2021
Firms Walk Thin Regulatory Line In Referring Self-Directed Clients To Advisors

While online trading platforms have surged in popularity during the pandemic, brokerage firms view self-directed investors as a source of new clients.