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

Tags: Eccleston, Eccleston Law, James Eccleston, Eccleston Law LLC

Return to Archive

TESTIMONIALS

Previous
Next

I have the best legal firm in the country to defend me. Awesome job!

Cindy C.

LATEST NEWS AND ARTICLES

October 20, 2021
5 First-of-Their-Kind SEC Enforcement Actions Announced

Securities and Exchange Commission (SEC) Enforcement Director Gurbir Grewal recently discussed notable first-of-their-kind enforcement actions that his division has pursued.

October 19, 2021
FINRA Targets SPACs in Most Recent Exam Sweep

The Financial Industry Regulatory Authority (FINRA) has begun an examination sweep of advisors’ involvement with special purpose acquisition companies (SPACs).

October 18, 2021
SEC’s Statement on Complex Exchange-Traded Products

The Securities and Exchange Commission (SEC) recently voted to approve a pair of rule changes proposed by Cboe BZX Exchange, Inc. to list and trade shares of new exchange traded-products: the 2x Long VIX Futures ETC and the -1x Short VIX Futures ETF.