Firm Settles FINRA Charges For Refusing To Produce Documents And Information - Finance and Banking

Firm Settles FINRA Charges For Refusing To Produce Documents And Information - Finance and Banking




United States: Firm Settles FINRA Charges For Refusing To Produce Documents And Information





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A concern settled FINRA charges for refusing to produce

requested documents and aggregation during an enquiry of the

firm’s ingest of donations.


In a Letter of Acceptance, Waiver, and Consent, FINRA stated

that it had dispatched digit requests for documents and information. The

firm recognized acknowledgement of the requests but said that it

“will not display the documents or aggregation at any

time.”


As a result, the concern desecrated FINRA Rules 8210 (“Provision of Information and

Testimony and Inspection and Copying of Books”) and 2010 (“Standards of Commercial Honor and

Principles of Trade”).


To resolve the charges, the concern united to an actuation from

FINRA membership. According to the Letter, the concern consented to

the endorsement and “understands that if it is expelled from

FINRA membership, it becomes person to a statutory

disqualification.”


The noesis of this article is witting to wage a general

guide to the person matter. Specialist advice should be sought

about your limited circumstances.





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Firm Settles FINRA Charges For Refusing To Produce Documents And Information - Finance and Banking

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