FINRA Report Signals Quicker, Clearer Enforcement Ahead

FINRA's recently published independent report recommends reforms to its enforcement process—including adopting federal statutes of limitations, improving transparency about investigations, and easing cooperation credit—that experts say could give member firms more defensive avenues and a fairer, more consistent regulatory experience.

In Law360, partner Brian Rubin discussed several of the proposed changes, including enhanced opportunities to engage with FINRA staff and a more structured approach to the settlement process.

“The goal is to have a fair and consistent process and to get the process off the table, so that the staff and firms and individuals can really focus on whether there are violations and whether firms or individuals should be sanctioned for them,” Brian said.

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