![]() ![]() Further, FINRA’s inquiry letter typically asks the broker to answer a list of particular questions and to provide copies of all correspondence or memoranda referring to the matter.įINRA makes these requests under FINRA Rule 8210, which requires brokers and advisors to provide information and records. ![]() How FINRA Inquiry Letters AriseĪ FINRA investigator prepares and sends a letter to the broker or financial advisor stating that FINRA is “conducting an inquiry” into some matter.įINRA’s inquiry letter asks the broker or advisor to provide a signed, written statement about potential violations of securities laws or rules. Securities and Exchange Commission (the “SEC”) to develop legal defenses and to identify mitigating circumstances (3) preparing the brokers for on-the-record interviews and participating as the brokers’ counsel (4) negotiating settlements through Letters of Acceptance, Waiver and Consent (“AWCs”) and (5) answering disciplinary complaints and litigating FINRA disciplinary hearings. Rich, LLC represents brokers and financial advisors in all stages of the process: (1) drafting the required, signed statements in response to the allegations (2) researching FINRA’s Sanction Guidelines, published decisions of FINRA’s Office of Hearing Officers (“OHO”), and published decisions of Administrative Law Judges in proceedings before the U.S. Rich, LLC, we have substantial experience representing employees in the securities industry in investigations and formal disciplinary actions brought by The Financial Industry Regulatory Authority, Inc. ![]()
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