By Alan Wolper on Posted in Disciplinary Process,Enforcement,FINRA,Statutory DisqualificationI have blogged multiple times, as recently as a couple of weeks ago, about the slew of Enforcement actions that FINRA has brought for an RR’s failure to update his or her Form U-4 in a timely manner to disclose a tax lien. My partner, Michael Gross, examines one such case that FINRA managed to lose. I’m… Continue Reading
By Alan Wolper on Posted in Disciplinary Process,Enforcement,FINRA,Sanctions,Statutory DisqualificationIt is a nasty thing when one becomes statutorily disqualified. It means either leaving the industry, permanently, or having to file an MC-400 and trying to convince FINRA that you should be permitted to remain in the industry, albeit subject to heightened supervision and extra scrutiny from FINRA. I have previously blogged about statutory disqualification,… Continue Reading
By Heidi VonderHeide on Posted in Compliance,Disciplinary Process,Enforcement,FINRA,Statutory DisqualificationFans of this blog (or, at least, readers of this blog who are fans of Jeopardy) will no doubt remember Alan’s prior post, published a few weeks ago, and discussing a recent case that FINRA’s Department of Enforcement brought against one of our clients. From the very beginning, we, as her counsel, were both bewildered… Continue Reading
By Alan Wolper on Posted in BrokerCheck,FINRA,Form U-4,Statutory DisqualificationI have discussed in prior blogs some issues with the process of registering individuals, and ensuring that information on U-4 is complete and accurate. To some degree, the debate is a bit silly, if the question is whether there is enough information provided on BrokerCheck. There is a real problem, however, one that is much… Continue Reading
