Posts tagged Sanction Guidelines.
The Financial Industry Regulatory Authority's disciplinary appellate body (the National Adjudicatory Council or NAC) has revised the Sanction Guidelines used to determine penalties in enforcement cases. The revisions increase the severity of some Guidelines and generally index monetary fines to the Consumer Price Index. Key among the changes, the NAC:
- Urges "strong consideration" of individual bars or firm expulsion for intentional fraud or cases in which aggravating circumstances predominate
- Emphasizes more severe sanctions for recidivists;
- Increases the upper ...
Posted in: FINRA
Tags: Financial Industry Regulatory Authority, finra, NAC, National Adjudicatory Council, Sanction Guidelines, Securities Litigation blog