The SIPA

The Blog Of The Securities Industry Professional Association
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A Reminder for Small BDs Facing FINRA Fines: Size Matters

 Last month, FINRA reported two unrelated settlements of disciplinary actions against member firms noting its imposition of lower fines after taking into consideration, among other things, each firm’s limited revenues and financial resources.  Indeed, FINRA reported 13 similar settlements in 2012.  Back in 2006, NASD modified the General Principles Applicable to All Sanction Determinations portion […]
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