To read this content please select one of the options below:

Summary of selected FINRA regulatory notices and disciplinary actions, January‐March 2009

Henry A. Davis (Editor of the Journal of Investment Compliance and is based at Henry A. Davis, Washington, DC, USA)

Journal of Investment Compliance

ISSN: 1528-5812

Article publication date: 12 June 2009

110

Abstract

Purpose

The purpose of this paper is to provide excerpts of selected Financial Industry Regulatory Authority (FINRA) Regulatory Notices and Disciplinary Actions issued from January to March 2009 and a sample of disciplinary actions during that period.

Design/methodology/approach

The paper provides excerpts from FINRA Regulatory 09‐12, Auction Rate Securities; 09‐13, Threshold for Single Arbitrator Cases; 09‐14, Trading Ahead of Customer Limit Orders; 09‐17, Investigations and Formal Disciplinary Actions.

Findings

The SEC has defined reporting requirements for settlements of customer disputes involving auction rate securities, raised the threshold for single arbitrator cases to $100,000, approved alternative means for calculating minimum price‐improvement obligations that firms must provide to trade ahead of customer limit orders, and provided guidance on its enforcement process to improve transparency into its regulatory framework.

Originality/value

These are 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. For further detail as well as other useful information, the reader should visit www.finra.org

Keywords

Citation

Davis, H.A. (2009), "Summary of selected FINRA regulatory notices and disciplinary actions, January‐March 2009", Journal of Investment Compliance, Vol. 10 No. 2, pp. 67-75. https://doi.org/10.1108/15285810910971319

Publisher

:

Emerald Group Publishing Limited

Copyright © 2009, Emerald Group Publishing Limited

Related articles