Regulatory Alerts2025-09-25 | Regulatory Notice 25-11Added · Updated
FINRA Sanction Guidelines March 2024
The Financial Industry Regulatory Authority (FINRA) issued the March 2024 Sanction Guidelines to provide direction for adjudicators in imposing consistent and fair disciplinary sanctions on member firms and associated persons. The document establishes general principles for determining sanctions, including the consideration of recidivism, arbitration history, firm size, and the aggregation of violations. It authorizes specific remedial measures such as restitution, disgorgement of ill-gotten gains, and tailored sanctions like independent consultants or business suspensions, while permitting adjudicators to impose penalties outside recommended ranges based on aggravating or mitigating factors.
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