Regulatory Notice 20-18

Summary

FINRA has amended its suitability rule, Capital Acquisition Broker (CAB) suitability rule and rules governing non-cash compensation to provide clarity on which standard applies and to address potential inconsistencies with the Securities and Exchange Commission’s (SEC’s) Regulation Best Interest (Reg BI).1 These changes have been approved by the SEC and become effective on June 30, 2020, the compliance date of Reg BI.

The text of the amended rules is set forth in Attachment A.

Questions regarding this Notice should be directed to:

2019063560201 Hector Luis Luna CRD 1078900 AWC sl (2020-1594340368643).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2019063560201 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Hector Luis Luna, Respondent Former Registered Representative CRD No. 1078900 Pursuant to FINRA Rule 9216 of FINRA’s Code of Procedure, Respondent Hector Luis Luna (“Luna”) submits this Letter of Acceptance, Waiver and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

2019063976701 Matthew Vincent Muratori CRD 6255633 AWC sl (2020-1594340368720).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2019063976701 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Matthew Vincent Muratori, Respondent Investment Company and Variable Contracts Products Representative CRD No. 6255633 Pursuant to FINRA Rule 9216 of FINRA’s Code of Procedure, Respondent, Matthew Vincent Muratori (“Muratori”), submits this Letter of Acceptance, Waiver and Consent (AWC) for the

2018059630801 Joe M. Allbright CRD 3001630 AWC sl (2020-1594340368363).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2018059630801 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Joe M. Allbright, Respondent Investment Company and Variable Contracts Products Representative CRD No. 3001630 Pursuant to FINRA Rule 9216 of FINRA’s Code of Procedure, Respondent Joe M. Allbright submits this Letter of Acceptance, Waiver and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.
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