FINRA’s Heightened Sanction Guidelines: What To Expect in 2019
In May 2018, the Financial Industry Regulatory Authority (FINRA) released its amendments to the Sanction Guidelines that revamped the assessment of sanctions in disciplinary proceedings. Under these revisions, customer arbitration history should be taken into consideration by adjudicators when determining the severity of disciplinary sanction to be imposed. The revisions cover disciplinary complaints filed beginning June 1, 2018.
In this LIVE Webcast, a panel of distinguished professionals and thought leaders organized by The Knowledge Group will provide an in-depth discussion of latest updates and developments in FINRA’s Sanction Guidelines. Speakers will dig deeper as they analyze its implications and provide best practices to prevent risks and pitfalls.
Key topics include:
- FINRA’s Sanction Guidelines: An Overview
- Recent Trends and Developments in FINRA’s Sanction Guidelines
- Common Pitfalls and Risk Issues
- Risk Mitigation Techniques and Best Practices
- What Lies Ahead
Jeffrey Holik, Consultant
Renaissance Regulatory Services
- History and Background of FINRA Sanctions Guidelines
- Use of Sanctions Guidelines in Enforcement Proceedings
- Purpose of 2018 amendments
Peter J. Tepley, Partner
Rumberger Kirk & Caldwell
- Which arbitration awards and arbitration settlements can be considered for heightened sanctions for recidivists?
- What information about those awards and settlements is to be considered and what issues does this raise?
- When does an individual’s Disciplinary and Arbitration History warrant the consideration of imposing more severe sanctions?
- What pattern(s) are applicable for imposing heightened sanctions and how are they to be determined?
Rogge Dunn, Partner
Rogge Dunn Group, PC
- The Purpose of the Amendments
- How the New Amendments Effect Strategy for Firms and FAs
- Preventing Compliance Problems and Risk Management: Best Practices and Other Strategies
- The Importance of Attitude
- Setting Yourself Apart
Who Should Attend:
- Financial Crime Attorneys & Consultants
- Finance Lawyers
- Corporate Governance Attorneys
- Banking & Finance Attorneys
- Investment Attorneys
- M&A Attorneys
- Securities Attorneys
- Financial Executives & Officers
- Bank and Financial Executives
- Legal and Compliance Executives
- Other related & Interested Professionals
Peter Tepley is a partner in the Birmingham office of Rumberger, Kirk and Caldwell. Tepley frequently represents securities broker dealers, including clearing brokers, and their registered representatives in customer, employment, and industry disputes in FINRA arbitrations as well as state and federal courts. He also represents public and private companies and their officers and directors in a variety of complex business disputes, including business torts and breach of contract cases. He defends businesses and individual officers and directors in class actions, including securities class actions.
Peter Tepley is a partner in the Birmingham office of Rumberger, Kirk and Caldwell. Tepley frequently represents securities broker dealers, …
Jeffrey Holik is a consultant with RRS, where he provides regulatory support to the financial industry, including banks, broker-dealers, and advisers. Jeff is an accomplished securities professional with 25 years of experience as the general counsel of a bank-affiliated investment business, as a senior financial services regulator, and in private law practice. He has experience with sales practice investigations; product approval and due diligence issues; and FINRA processes, including regulatory reporting, the exam program, eligibility (statutory disqualification) issues, and membership application matters. Mr. Holik brings the perspective of a former senior regulator to his work. He served for ten years in several policy and management positions at FINRA, including Senior Vice President in the Office of General Counsel and in the Department of Member Regulation. Prior to FINRA, Jeff was Deputy Director of Enforcement at the Commodity Futures Trading Commission.
Jeffrey Holik is a consultant with RRS, where he provides regulatory support to the financial industry, including banks, broker-dealers, and …
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, OTRs, non-competes, the Protocol for Broker Recruiting, promissory note defense and forfeiture of deferred compensation.
He has twice set the largest wrongful discharge arbitration award against Goldman Sachs for FAs in California. (Breaking Dunn’s own record). Most recently he obtained a $7.6 million Award against Goldman Sachs in a FINRA arbitration in Los Angeles.
Dunn has won more than $2 billion in judgments and settlements for his clients. He has represented more than 10 FAs in Barron’s national top 100 financial advisors. 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 …
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Method of Presentation:
Experience in FINRA Arbitration
NY Category of CLE Credit:
Areas of Professional Practice
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About Rumberger Kirk & Caldwell
Rumberger, Kirk & Caldwell provides litigation and counseling services in a wide range of civil practice areas including product liability, commercial litigation, construction, real estate, intellectual property litigation, securities litigation, financial services litigation, labor and employment law, bankruptcy, insurance coverage, professional liability and administrative law. Offices are located in Orlando, Tampa, Miami, Tallahassee and Birmingham.
About Renaissance Regulatory Services
Renaissance Regulatory Services (RRS) is founded on the premise that the financial services industry is constantly changing. New products and services, changing regulations and globalization create unique issues in compliance and operations for firms of all sizes and business models. To Manage Through Change, firms must have the ability to quickly recognize and respond to the compliance and operational challenges that arise.
We provide comprehensive compliance, operational consulting, and compliance support services to broker-dealers, investment advisers, hedge funds, and investment companies. Specializing in SEC and FINRA compliance examinations, written supervisory procedures, internal controls, financial reporting, and registration services, RRS’ staff has the experience and insight to meet all your regulatory and compliance needs. Services are customized to your organization’s operations and in most cases performed on site. RRS’ consultants and partners consist of former regulators and compliance professionals.
About Rogge Dunn Group, PC
We have extensive experience handling a variety of matters across the U.S. in the financial industry space. Indeed, one of our partners, Josh Iacuone, is a licensed FINRA arbitrator. We have taken on and defeated the big firms like Goldman Sachs, BBVA, and UBS.
We transition teams to new firms, handle TROs, fight off non-competes and non-solicits, ensure that the broker recruiting protocol is followed (for signatories), defend against promissory note enforcement, help financial advisors, Branch Managers and financial executives with severance, regulatory issues, letters of education and FINRA investigations. We have a track record of recovering FAs/RMs deferred compensation forfeited by former employers. We assist FAs, Branch Managers and financial executives protect their reputations, handle expungements and the marking and filing of U-4s and U-5s. We have represented more than a dozen of Barron’snational top 100 financial advisors.