Regulatory Notice 23-16
Summary
FINRA has amended its By-Laws to exempt from the Trading Activity Fee (TAF) any transaction by a proprietary trading firm that occurs on an exchange of which the proprietary trading firm is a member.
The amendment to FINRA’s TAF will take effect on November 6, 2023.
The amended text of the FINRA By-Laws is set forth in Attachment A.
2021073167201 Lee Michael Generous CRD 5765351 AWC gg (2023-1700093999863).pdf
FINANCIAL INDUSTRY REGULATORY AUTHORITY
LETTER OF ACCEPTANCE, WAIVER, AND CONSENT
NO. 2021073167201
TO: Department of Enforcement
Financial Industry Regulatory Authority (FINRA)
RE: Lee Michael Generous (Respondent)
Former General Securities Representative
CRD No. 5765351
Pursuant to FINRA Rule 9216, Respondent Lee Michael Generous submits this Letter of
Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the
alleged rule violations described below.
