FINRA adopted a rule restricting a registered person's ability to (i) become a beneficiary of a customer or (ii) hold a position of trust on behalf of a customer.
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An introducing broker-dealer settled FINRA charges for misclassifying its owner's personal expenses as business expenses and failing to register and supervise an unregistered individual serving as a principal of the firm.
FINRA provided an extension for the completion of qualifying examinations and firm certifications.
A broker-dealer settled FINRA charges for failing to conduct adequate background checks of newly hired employees and to notify FINRA of its expanded number of employees and branch offices.
A broker-dealer settled FINRA charges for failing to adequately retain records, screen associated persons and supervise the creation and dissemination of consolidated reports.