Blog
December 20, 2018
On December 7, 2018, the Financial Industry Regulatory Authority (“FINRA”) issued a comprehensive report (“Report on FINRA Examination Findings”) which “focuses on selected observations from recent examinations that FINRA considers worth highlighting because of their potential significance, frequency, and impact on investors and the markets, especially regarding Due Diligence. This report serves as a critical […]
December 21, 2017
The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Raymond James Financial Services, Inc. $2 million for failing to maintain reasonably designed supervisory systems and procedures for reviewing email communications. In addition, Raymond James has agreed to conduct a risk-based retrospective review to detect potential violations evidenced in past emails. FINRA found […]
February 8, 2017
Action Taken on 35 of 51 Recommendations to Date Understanding FINRA’s Role in Dispute Resolution The Financial Industry Regulatory Authority today released a status report on the recommendations made in the Dispute Resolution Task Force’s Final Report issued in December 2015. In July 2014, a 13-member task force composed of individuals representing a broad range of interests in securities dispute resolution was […]
August 3, 2016
Ryan Bakhtiari has been invited to participate as a speaker at the 2016 Practicing Law Institute (PLI) conference program on Wednesday, September 28, 2016. The PLI Securities Arbitration program is held at the PLI New York Center and also online by webcast. The program brings together legal professionals with securities industry regulators to discuss hot […]
May 9, 2016
The FINRA Board of Governors met this week to discuss a number of issues, including several rulemaking items. A summary of the rule proposals that relate to FINRA arbitration, as approved by the FINRA Board, are below. Broadening Chairperson Eligibility in Arbitration The Board authorized filing with the SEC proposed amendments to Rules 12400 and […]
