FINRA Updates Sanction Guidelines to Include Consideration of Undue Influence Over Customers

Posted on April 28th, 2017 at 12:37 PM
FINRA Updates Sanction Guidelines to Include Consideration of Undue Influence Over Customers

From the Desk of Jim Eccleston at Eccleston Law LLC:

FINRA has revised its sanctioning guidelines to require that disciplinary proceedings indicate whether "vulnerable individuals or individuals with diminished capacity" were subjects of financial exploitation. The changes were announced in a FINRA regulatory notice. The last time the Sanction Guidelines were updated was in 2015.

The purpose of the Sanction Guidelines are not to assign fixed sanctions for particular violations, but are intended to help hearing panels determine the appropriate sanctions consistently and fairly in disciplinary proceedings.

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

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