Tag: FINRA

Emoji Enforcement: Surely you can’t be serious.  – Eversheds Sutherland

During this year’s annual FINRA conference, a panel of officials announced that in connection with retaining and supervising electronic messages, firms might have to begin reviewing emojis to determine whether they constitute reportable customer complaints. FINRA’s proclamation appears to be problematic for firms. First, FINRA didn’t announce whether technology exists to find, let alone, translate emojis.  Second, emojis are constantly…

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FINRA Announces Departure of Enforcement Head Jessica Hopper | Business Wire

FINRA announced today that Jessica Hopper plans to leave FINRA on February 3, after an 18-year tenure culminating in her leadership of the Department of Enforcement. During her time as Head of Enforcement, FINRA brought numerous significant disciplinary actions to protect investors and markets, including its largest-ever enforcement action; prioritized returning money to harmed investors; and completed an initiative to…

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FINRA Targets Crypto-Related Communications – All Things FinReg

FINRA has announced that it is conducting a targeted examination of broker-dealer practices related to retail communications about “crypto asset” products and services. As part of this sweep, FINRA is asking broker-dealers for all retail communications that were distributed or made available by a broker-dealer or its affiliates on behalf of the broker-dealer that refer or relate to crypto assets…

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SEC seeks more input on Finra proposal to allow supervision from home offices

In July, the Financial Industry Regulatory Authority Inc. filed a proposal with the Securities and Exchange Commission that would allow a broker working remotely to supervise other brokers without the broker’s home being designated as a branch office. The so-called residential supervisory location would be subject to examination by the parent brokerage once every three years instead of the annual…

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Finra proposes 3-year pilot program for remote office inspections

The Financial Industry Regulatory Authority Inc. filed a proposal last Friday with the Securities and Exchange Commission that would establish a three-year voluntary pilot program for financial firms that want to continue remote inspections of branch offices and other locations. The pilot program effectively would extend the online supervision that Finra has allowed since November 2020 in response to the…

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Finra bars would-be brokers for cheating on online qualification exams

Finra barred two individuals from the financial industry for cheating on online qualification exams, the first enforcement actions the regulator has taken in relation to remote examinations. The Financial Industry Regulatory Authority Inc. announced Wednesday that it imposed bars on Brandon Autiero, formerly associated with Equitable Advisors, and Harris Kausar, formerly associated with Barclays Capital Inc. In separate incidents, Autiero…

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NFTs getting a closer look from FINRA

How hot is the NFT craze? It’s so hot that even Finra is trying to wrap its head around it. The Financial Industry Regulatory Authority — the non-government group that licenses broker dealers and accordingly polices it for infractions — is “taking a deep dive to understand NFTs and the implication for the regulation of broker dealers,” according to a…

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Former FINRA Senior Officer Elizabeth Hogan Joins McGuireWoods’ Securities Enforcement & Litigation Team | McGuireWoods

McGuireWoods is pleased to announce that Elizabeth Hogan, former senior vice president of market regulation enforcement at the Financial Industry Regulatory Authority (FINRA), has joined the firm’s nationally recognized Government Investigations & White Collar Litigation Department in Washington, D.C. via Former FINRA Senior Officer Elizabeth Hogan Joins McGuireWoods’ Securities Enforcement & Litigation Team | McGuireWoods.

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FINRA EVP Of Office Of Fraud Detection And Market Intelligence Cameron Funkhouser Announces Retirement

FINRA today announced the retirement of Executive Vice President Cam Funkhouser after more than 35 years of service at the organization. Funkhouser has led FINRA’s Office of Fraud Detection and Market Intelligence (OFDMI) – including the Insider Trading and Fraud Surveillance units, FINRA’s Complaint Center and FINRA’s Whistleblower program – since its creation 10 years ago. He will remain in…

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