{"id":1071,"date":"2012-05-30T22:29:21","date_gmt":"2012-05-30T22:29:21","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2012\/05\/finra_enforcement_actions_in_2"},"modified":"2022-03-09T16:17:41","modified_gmt":"2022-03-09T22:17:41","slug":"finra-enforcement-actions-in-2","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/finra-enforcement-actions-in-2\/","title":{"rendered":"FINRA Enforcement Actions in 2012 Likely to Equal The Record Number Brought Last Year"},"content":{"rendered":"<p>\t\t\t\tAccording to a senior FINRA enforcement official, the Financial Industry Regulatory Authority appears on schedule this year to bring about 1,500 enforcement actions-that&#8217;s about the same amount a last year, when this was then considered a record number. He said that the actions tend to be &#8220;isolated cases,&#8221; with dishonesty playing a factor. <\/p>\n<p>The FINRA enforcer, who spoke at an enforcement panel during the SRO&#8217;s yearly conference in DC on May 23 (panelists were not identified by name), also noted that the self-regulatory organization is concentrating on complex products. He talked about how important it was for firms to fully comprehend the products that they are selling.<\/p>\n<p>Meantime, another FINRA enforcer encouraged brokerage firms to pay attention to recent actions involving four firms that consented to pay $9.1 million to settle allegations that without supervision they sold leveraged and inverse exchange-traded funds valued at billions of dollars. (The SRO had accused the Wall Street broker-dealers of not having &#8220;reasonable&#8221; grounds for recommending these instruments to retail clients.) The FINRA official said that similar FINRA cases are expected-a clear indicator that it is integral for financial firms to supervise the products that they sell. She also talked about how when examining real estate investment trusts and private placements under regulation D, FINRA is looking at the areas of supervision, advertising, due diligence, suitability, misstatements, training, risk disclosure, and product understanding. <\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/finra-enforcement-actions-in-2\/\"  title=\"Continue Reading FINRA Enforcement Actions in 2012 Likely to Equal The Record Number Brought Last Year\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>According to a senior FINRA enforcement official, the Financial Industry Regulatory Authority appears on schedule this year to bring about 1,500 enforcement actions-that&#8217;s about the same amount a last year, when this was then considered a record number. He said that the actions tend to be &#8220;isolated cases,&#8221; with dishonesty playing a factor. The FINRA [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3739],"tags":[],"class_list":["post-1071","post","type-post","status-publish","format-standard","hentry","category-finra"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FINRA Enforcement Actions in 2012 Likely to Equal The Record Number Brought Last Year &#8212; Investor Lawyers Blog &#8212; May 30, 2012<\/title>\n<meta name=\"description\" content=\"According to a senior FINRA enforcement official, the Financial Industry Regulatory Authority appears on schedule this year to bring about 1,500 &#8212; May 30, 2012\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/finra-enforcement-actions-in-2\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"FINRA Enforcement Actions in 2012 Likely to Equal The Record Number Brought Last Year &#8212; 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