Summary of selected FINRA Regulatory Notices and disciplinary actions, April‐June 2008

Abstract

Purpose

The purpose of this paper is to provide excerpts of selected Financial Industry Regulatory Authority (FINRA) Regulatory Notices issued from April to June 2008 and a sample of disciplinary actions during that period.

Design/methodology/approach

The paper provides excerpts from FINRA Regulatory Notice 08‐16, Third Party Research Reports; 08‐17, Customer Complaint Reporting; 08‐18, Unauthorized Proprietary Trading; 08‐21, Partial Redemption of Auction Rate Securities; 08‐22, Definition of Public Arbitrator; 08‐27, Midleading Communications about Expertise; 08‐30, Illiquid Investments; 08‐31, Trading Ahead of Customer Orders; and 08‐33, Minor Rule Violation Plan Amendment.

Findings

Useful information may be found in each of these notices.

Originality/value

The paper provides direct excerpts designed to provide a useful digest for the reader and an indication of regulatory trends. The FINRA staff is aware of this summary but has neither reviewed nor edited it.

Citation

Davis, H.A. (2008), "Summary of selected FINRA Regulatory Notices and disciplinary actions, April‐June 2008", Journal of Investment Compliance, Vol. 9 No. 3, pp. 52-74. https://doi.org/10.1108/15285810810908752