According to FINRA’s public statements, one of its top priorities is enforcement of its rules, as well as the federal securities laws. FINRA investigates activity which is believes may indicate a securities law violation, and files disciplinary proceedings against firms and their associated persons to address such violations.
A FINRA investigation, which typically starts with a request for documents and information (an “8210 Request”) and often for an On the Record Interview (“OTR”) is a significant event. FINRA Enforcement has the authority to fine, suspend or bar brokers and firms. FINRA also has the ability to work with law enforcement which can lead to criminal charges
FINRA’s investigations arise from many sources, including U-5 filings, routine firm examinations, customer complaints, anonymous tips, and referrals from other regulators.
If you receive a FINRA Document Request, or are called into a FINRA OTR, you need to be represented by an experienced securities attorney. Your livelihood may be at stake.
For additional information, read
- Rule 8210 – How You Respond Makes a Difference
- Whistleblowers Need Lawyers
- SEC Subpoenas – Tips for Responding – 2023
- SEC Charges Audit Firm Marcum LLP for Widespread Quality Control Deficiencies
- SEC Charges Two Oregon Residents with $10 Million Ponzi-Like Scheme
- SEC Proposes Rule Amendments to the Broker-Dealer Customer Protection Rule
- SEC Adopts Money Market Fund Reforms and Amendments to Form PF Reporting Requirements for Large Liquidity Fund Advisers
- SEC Charges Merrill Lynch and Parent Company for Failing to File Suspicious Activity Reports
- SEC Proposes Amendments to Internet Investment Adviser Registration Rule
- Annual Review of Federal Securities Regulation
- SEC Implements New Rules to Prevent Fraud and Manipulation in Security-Based Swaps
- Former Pharmaceutical Global IT Manager Settles SEC $8 Million Insider Trading Case, Criminal Case Still Pending
- FINRA Reverses Hearing Panel Decision and Dismisses Complaint against Sallah Astarita & Cox client.
- How to Hire a Securities Defense Attorney to Respond to an SEC Subpoena
- Defense of an SEC Enforcement Investigation
Introductions and Primers
- Can The SEC Bring Criminal Charges?
- Cryptocurrency – An Introduction
- How SEC Investigations Work
- What is Securities Arbitration?
- Federal Securities Law, a Securities Lawyer Guide
- What is a Security?
- Finders Explained – Be Careful
- Securities Attorney
- Guide to Broker-Dealer Registration
- Securities Arbitration Overview-2023 Update
- Hearing Hearing
- Responding to a Wells Notice
- What is Securities Law?
- Introduction to Blue Sky Laws
- What is FINRA
Mark Astarita, a partner in the national securities law firm of Sallah Astarita & Cox, represents broker and firms across the country in FINRA investigations and disciplinary proceedings. To see how he can help you with a FINRA issue, email him or call his office at 212-509-6544.