« Back to Glossary Index

AWC is the acronym for Letter of Acceptance, Waiver and Consent, which is used in connection with the settlement of a FINRA Investigation. The letter is a proposal by the target to resolve an outstanding investigation and to Accept the findings, Waive various rights and a hearing, and Consent to the entry of an order, pursuant to the terms of the AWC. The AWC is negotiated by the respondent’s attorney and FINRA enforcement attorneys.

FINRA Rule 9216 sets forth the requirements for use of an AWC.

For an example of an AWC, see Robinhood Financial LLC’s AWC.

« Back to Glossary Index
The Securities Lawyer