Mixed Results for FINRA’s Disciplinary Actions in First Half of 2017

A midyear analysis of the disciplinary actions reported by FINRA from January through June 2017 indicates:

  • Certain program areas and restitution are up, but fines and the number of disciplinary cases are significantly down
  • FINRA appears to be focusing on more “nuts and bolts” issues like trade reporting, record retention, and supervisory policies and procedures
  • Despite an overall reduction in fines and the number of disciplinary actions, firms should still concentrate on core issues like suitability and books and records, among others

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Additional contributor to this post:

Brian L. Rubinbrianrubin@eversheds-sutherland.com



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