For the Public
FINRA Data provides non-commercial use of data, specifically the ability to save data views and create and manage a Bond Watchlist.
For Industry Professionals
Registered representatives can fulfill Continuing Education requirements, view their industry CRD record and perform other compliance tasks.
For Member Firms
Firm compliance professionals can access filings and requests, run reports and submit support tickets.
Customer Confirmations—Failure to Comply With Rule Requirements
SEC Rule 10b-101 and FINRA Rule 2232
| Principal Considerations in Determining Sanctions | Monetary Sanction | Suspension, Bar or Other Sanctions |
|
See Principal Considerations in Introductory Section
1. Nature and materiality of the inaccurate or missing information.
2. Number of affected confirmations.
|
First Action Fine of $1,000 to $7,000. Second Action Fine of $5,000 to $15,000. Subsequent Actions Fine of $10,000 to $146,000. |
Firm Consider suspending the firm with respect to any or all activities or functions for up to 30 business days. In egregious cases, consider a lengthier suspension (of up to two years) or expulsion of the firm. Individual Consider suspending the responsible party in any or all capacities for up to 30 business days. In egregious cases, consider a lengthier suspension (of up to two years) or a bar. |
1. This guideline is also appropriate for violations of MSRB Rule G-15.
Customer Protection Rule—Failure to Comply With Rule Requirements
FINRA Rule 2010 and SEC Rule 15c3-3
| Principal Considerations in Determining Sanctions | Monetary Sanction | Suspension, Bar or Other Sanctions |
|
See Principal Considerations in Introductory Section
1. Extent to which the respondent exposed customer funds to potential risk or loss.
|
Fine of $1,000 to $73,000. Repeated violations should carry individual fine for Financial Principal and/or responsible supervisor. |
Firm Consider suspending the firm with respect to any or all activities or functions for up to 30 business days. In egregious cases, consider a lengthier suspension (of up to two years) or expulsion of the firm. Individual Consider suspending the Financial Principal or responsible party in any or all capacities for up to 30 business days. In egregious cases, consider a lengthier suspension (of up to two years) or a bar. |
Net Capital Violations
FINRA Rule 2010 and SEC Rule 15c3-l
| Principal Considerations in Determining Sanctions | Monetary Sanction | Suspension, Bar or Other Sanctions |
|
See Principal Considerations in Introductory Section
1. Whether the firm continued in business while knowing of deficiencies/inaccuracies or voluntarily ceased conducting business because of the deficiencies/inaccuracies.
2. Whether respondent attempted to conceal deficiencies or inaccuracies by any means, including "parking" of inventory and inflating "mark-to-market" calculations.
|
Fine of $1,000 to $73,000. |
Firm Consider suspending the firm with respect to any or all activities or functions for up to 30 business days. In egregious cases, consider a lengthier suspension (of up to two years) or expulsion of the firm. Individual Consider suspending the Financial Principal or responsible party in any or all capacities for up to 30 business days. In egregious cases, consider a lengthier suspension (of up to two years) or a bar. |
Recordkeeping Violations
FINRA Rules 4511 and 2010 and SEC Rules 17a-3 and 173-41
| Principal Considerations in Determining Sanctions | Monetary Sanction | Suspension, Bar or Other Sanctions |
|
See Principal Considerations in Introductory Section
1. Nature and materiality of inaccurate or missing information.
2. The nature, proportion, and size of the firm records (e.g., emails) at issue.
3. Whether inaccurate or missing information was entered or omitted intentionally, recklessly, or as the result of negligence.
4. Whether the violations occurred during two or more examination or review periods or over an extended period of time, or involved a pattern or patterns of misconduct.
5. Whether the violations allowed other misconduct to occur or to escape detection.
|
Fine of $1,000 to $15,000. Where aggravating factors predominate, consider a fine of $10,000 to $146,000. Where significant aggravating factors predominate, consider a higher fine. |
Responsible Individual Consider suspending the responsible individual in any or all capacities for a period of 10 business days to three months. Where aggravating factors predominate, consider a longer suspension (of up to two years) or a bar. Firm Where aggravating factors predominate, consider suspending the firm for a period of 10 business days to two years, or consider expulsion of the firm. |
1. This guideline also is appropriate for violations of MSRB Rules G-8 and G-9.
Regulation T and Margin Requirements—Violations of Regulation T and/or FINRA Margin Requirements
Regulation T; Part 220 Issued by the Board of Governors of the Federal Reserve Board; and FINRA Rules 2010 and 4210
| Principal Considerations in Determining Sanctions | Monetary Sanction | Suspension, Bar or Other Sanctions |
|
See Principal Considerations in Introductory Section
1. Extent and nature of the respondent's failure to comply.
|
Fine of $1,000 to $73,000. Repeated violations should carry an individual fine for the responsible individual. |
Firm Consider suspending the firm with respect to any or all activities or functions for up to 30 business days. In egregious cases, consider a lengthier suspension (of up to two years) or expulsion of the firm. Individual Consider suspending the responsible individual in any or all capacities for up to 30 business days. In egregious cases, consider a lengthier suspension (of up to two years) or a bar. |