Brokers, Compliance

FINRA Hearing Panel Dismisses Charges against Registered Rep.

In a rare decision, a FINRA hearing panel dismissed all charges against a registered representative who was accused of falsifying firm records, by waiving his commissions on mutual fund transactions.

The hearing panel found that FINRA failed to meet its burden of proof, and after a hearing, dismissed the charges.

The hearing panel decision is online at FINRA’s site. The broker was represented by Mark Astarita, of Beam & Astarita, LLC in New Jersey.

The Securities Lawyer