FINRA Rules 8210, 9552 and the extraordinary circumstances required by the SEC to merit remand



Date: January 13, 2021

Time: 2:00 p.m. - 3:00 p.m. Eastern

Location: Virtual Event

Nixon Peabody partner Robert Fisher will be presenting on “FINRA Rules 8210, 9552 and the extraordinary circumstances required by the SEC to merit remand” at the Boston Bar Association (BBA) Webinar.

Details from the Conference Website

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.

For more information or to register, visit the BBA Website

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