FINRA: Promulgating Tougher Sanctions Guidance for Rule Violations – A 2016 Update
On May 13, 2015, the National Adjudicatory Council (NAC) of the Financial Industry Regulatory Authority (FINRA) has amended its sanctions guidelines creating tougher consequences for FINRA adjudicators, securities brokerages, and individual brokers. The amendments call for stricter penalties and sanctions against individuals involved in fraud violations. In addition, the guidelines will increase the amounts of monetary sanctions by indexing them to the Consumer Price Index (CPI).
In 2016, FINRA’s Regulatory and Examination Priorities is expected to focus on the compensation programs, implicit norms, practices, and the overall culture and behavioral ethics that influence crucial decision-making process of firm executives, supervisors, and employees.
In this LIVE Webcast a panel of thought leaders, professionals, and practitioners assembled by The Knowledge Group will provide the audience with an in-depth analysis of the fundamentals as well as recent developments to FINRA’s Tougher Sanctions Guidance for Rule Violations. Speakers will also present their expert thoughts and opinions on how to best comply with the requirements of the sanctions guidance.
Key topics include:
- Ethics and Conduct Framework
- Key Areas of Risk Associated with Ethics and Conduct
- Sanctions for Recidivists
- Sanctions for Fraud
- Sanctions for Suitability Rule Violations
- Monetary Penalties to the Consumer Price Index (CPI)
- Regulatory Implications
Henry I. Willett III, Partner
Christian & Barton LLP
- What to expect in a FINRA investigation
- The scope of FINRA's investigative authority
- The implications of not complying with Rule 8210
- The AWC process and whether to throw in the towel
Rogge Dunn, Partner
Clouse Dunn LLP
- Strategies to avoid violating FINRA's rules
- Resources available to you to avoid regulatory problems
- Red flags that attract FINRA's attention
- What to do when FINRA “comes knocking”
Charles L. Bennett, Of Counsel
Kunzman & Bollinger Inc.
Who Should Attend:
- Financial Crime Attorneys & Consultants
- Finance Lawyers
- Business Lawyers
- Securities Attorneys
- Investment Advisers
- Broker Dealers
- Fraud Monitoring
- Private Companies
- Private Counsel
- Risk and Compliance Officers
- Other Related/Interested Professionals
Henry Willett is a partner in Christian & Barton’s Litigation department. Mr. Willett represents clients in matters involving the enforcement of non-compete and non-solicitation agreements, regulatory enforcement actions, financial services disputes, business torts, intellectual property disputes, trade secret and cooperate embezzlement claims, and professional malpractice claims. He has tried cases and arbitrated matters in state and federal courts throughout the United States and before FINRA Dispute Resolution, the National Association of Securities Dealers, the New York Stock Exchange and the American Arbitration Association.
Mr. Willett is the Chair of the Virginia State Bar’s Bench-Bar Relations Committee, Chair-Elect of the Civil Litigation Section of the Richmond Bar Association and is a member of the firm’s Recruiting Committee. Mr. Willett has presented numerous CLE seminars on various litigation and e-discovery topics.
Henry Willett is a partner in Christian & Barton’s Litigation department. Mr. Willett represents clients in matters involving the enforcement …
Rogge Dunn is a trial attorney and counselor for Fortune 500 companies, wirehouses and prominent Financial Advisors, executives and entrepreneurs. Dunn has developed a specialty involving significant matters in the financial industry. This includes regulatory issues, wrongful discharge, moving teams, non-competes, the Protocol for Broker Recruiting, promissory note defense and forfeiture of deferred compensation. He obtained the largest wrongful discharge arbitration award against Goldman Sachs for an FA in California. Dunn has represented a number of FAs who have given FINRA on the record statements.
Dunn has won more than $2 billion in judgments and settlements for his clients. He has represented more than 10 FAs in Barron’s top 100 financial advisors nationwide. Dunn has won million dollar jury verdicts or arbitration awards in California, Texas, Louisiana and Arkansas.
Rogge Dunn is a trial attorney and counselor for Fortune 500 companies, wirehouses and prominent Financial Advisors, executives and entrepreneurs. Dunn has …
Charles is a senior capital markets executive and securities lawyer with over 30 years experience in all aspects of SEC, state and self-regulatory practice, particularly those areas related to public, private and municipal underwritings and distributions, in both the governmental and private sectors. He is Of Counsel to Kunzman & Bollinger, Inc. a law firm that specializes in broker dealer and investment advisor registration and compliance, and litigation support matters. Clients receive advice and support throughout the regulatory process, from SEC and state registration through the FINRA initial membership approval process, and thereafter benefit from ongoing strategic advice and day-to-day support related to the complex rules and regulations of the financial services industry.
Charles is a senior capital markets executive and securities lawyer with over 30 years experience in all aspects of SEC, …
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Kunzman & Bollinger Inc.
About Christian & Barton LLP
Christian & Barton, L.L.P., maintains a broad-based civil practice, serving clients throughout the United States. Our offices are located in Richmond, the capital of Virginia. Our clients range from Fortune 500 companies to closely-held businesses, and include governmental entities, nonprofit organizations and individuals. Many firm clients are entrepreneurs engaged in high technology businesses, financial services, real estate ventures and expanding professional groups. Others engage in communications, health care, insurance and transportation.
One of Virginia's foremost firms, Christian & Barton traces its origins to 1926, when Andrew Christian and Robert Barton established a law practice to provide legal services at competitive rates while maintaining the highest professional standards. We strive to maintain these traditions while evolving to meet the needs of our clients.
About Clouse Dunn LLP
Clouse Dunn was founded by Rogge Dunn in 2002. The Firm handles business and employment law matters for Fortune 500 companies and executives, entrepreneurs and employees. The Firm has handled lawsuits, arbitrations and FINRA matters across the country. The Firm has been recognized as a top law firm in Texas and its Board Certified attorneys have been repeatedly honored as among the top 100 lawyers in Texas and top lawyers in Dallas by Texas Monthly and D Magazine.
About Kunzman & Bollinger Inc.
Kunzman & Bollinger also represents FINRA members in connection with disciplinary actions initiated by the FINRA related to violations of its rules, and provides expertise and support to other law firms in connection with complex litigation involving alleged violations FINRA rules and federal statutes and regulations promulgated by the Securities & Exchange Commission (“SEC”).
The Firm also provides clients with institutional and retail compliance and risk management, due diligence investigations, and advice on structuring and distributing public and private oil and gas programs, business development companies and real estate investment programs.