The BBA presents live webinars and virtual events via
Zoom. Please register for this program through your BBA account at least
two hours before the start time of the program to receive the Zoom
webinar link.
Prior to barring a securities broker for life FINRA needs
to demonstrate that the broker had actual notice of its Rule 8210 and 9552
notices and communications. In the instant case, FINRA requested a Massachusetts
broker’s cooperation regarding some individual tax liens. FINRA’s 8210 requests
went unanswered by the broker and soon enough FINRA, growing increasingly
impatient with the nonresponsive broker, initiated Rule 9552 suspension
proceedings and eventually barred the broker for life. However, unbeknownst to
FINRA, the respondent had been nonresponsive because he had been hospitalized
due to a serious health issue. This program will describe the significant
procedural and legal hurdles the broker had to overcome to convince the SEC to
remand this matter back to FINRA for that regulator to explain why a lifetime
bar was appropriate and how the broker was able to convince FINRA to drop their
bar.
Registration Categories:
BBA Member - Free. Included as part of your membership.
Non-Member - $100.00
BBA Webinars & Virtual Events are supported by
the Joan B. DiCola Fund. To learn more or support this fund, click
here.