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BBA Webinar: FINRA Rules 8210, 9552 and the Extraordinary Circumstances Required by the SEC to Merit Remand

Wednesday, January 13, 2021 2:00 PM to 3:00 PM
On-Line


Description:

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.

Sponsoring Section/Committee(s):

Speakers:

 

Contact:

Stiv Mucollari
smucollari@bostonbar.org

 

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