FINRA Discipline: FINRA Rule 9269

Posted on January 31st, 2017 at 9:16 AM
FINRA Discipline: FINRA Rule 9269

From the Desk of Jim Eccleston at Eccleston Law LLC:

This is the twenty-first in a series of posts to discuss the rules associated with the FINRA disciplinary process. FINRA Rule 9269 discusses the issuance of a default judgment against a respondent who fails to answer a complaint within the required time period or fails to appear at a pre-hearing conference or hearing.

The hearing officer may order a party who fails to appear at the pre-hearing conference or hearing to pay the costs incurred by the other parties in connection with their appearance. A party has the ability to set aside a default or dismissal by filing a motion. Upon a showing of good cause by the defaulting party, the hearing officer will grant the motion.

If a default decision is not appealed within 25 days after the date the office of hearing officers serves it on the parties, the default decision will become the final disciplinary action by FINRA.

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 Securities FraudUnauthorized TradingBreach 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 disciplinary process, FINRA Rule 9269, default judgement, pre-hearing conference, hearing officer, filing a motion, grant the motion, disciplinary action,

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