Tr?id=566623520170033&ev=PageView&noscript=1

ÍøÆØ³Ô¹Ï

FINRA Targets Repeat Offenders and Reg BI Violations in Enforcement Focus

Posted on May 29th, 2024 at 1:22 PM
FINRA Targets Repeat Offenders and Reg BI Violations in Enforcement Focus

From the desk of Jim Eccleston at ÍøÆØ³Ô¹Ï 

AdvisorHub reports that the Financial Industry Regulatory Authority (FINRA) is advocating more stringent penalties for repeat offenders who fail to comply with FINRA rules or securities laws.

FINRA’s enforcement chief, William St. Louis, also outlined various key objectives, including ensuring firms' compliance with Regulation Best Interest (Reg BI) and best execution requirements, conducting timely targeted sweeps, and enhancing the efficiency of FINRA investigations. He reiterated FINRA's focus on protecting senior and vulnerable investors, noting that cases involving direct harm to customers are among the most impactful actions pursued by the regulator.

Notably, St. Louis mentioned FINRA's increasing enforcement actions targeting Reg BI violations, citing the expulsion of two firms for such violations. Other cases involved failures to provide required Customer Relationship Summary forms, excessive trading,
and issues related to complex products and variable annuities, with more cases in the pipeline.

 

ÍøÆØ³Ô¹Ï LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law, finra

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

That is just fantastic! Thank you very much!

Julie N.

LATEST NEWS AND ARTICLES

1778171646 Law
May 7, 2026
FINRA Bars Former Raymond James Broker for Refusing Testimony in Unauthorized Trading Probe

A former registered representative with Raymond James has been barred from the securities industry after refusing to cooperate with a Financial Industry Regulatory Authority (FINRA) investigation into alleged unauthorized trading activity.

1778084309 Law
May 6, 2026
FINRA Outlines Key Rulemaking Priorities and Recent Developments in Quarterly Agenda

The Financial Industry Regulatory Authority (FINRA) recently released its Quarterly Regulatory Policy Agenda, offering a detailed view of its rulemaking priorities, pending proposals, and recently approved regulatory changes.

1778000603 Law
May 5, 2026
Commonwealth Financial Network Resolves SEC Conflict of Interest Case

Commonwealth Financial Network has agreed to pay $5 million to resolve a long-standing conflict of interest case brought by the Securities and Exchange Commission, according to reporting by ThinkAdvisor.