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MAH Advising for FINRA Matters​

FINRA Enforcement inquiries and actions can be handled with the assistance of MAH Advising. We are here to assist you with every aspect of the  Enforcement process, including, but not limited to:

  • Invoking the hearing process of the Financial Industry Regulatory Authority;
  • Assisting you in preparing the written statement you are required to submit in response to the inquiry;
  • By signing a Letter of Acceptance, Waiver and Consent, we can reach a settlement; 
  • Responding to and defending any discipline complaint, “Wells Call” or “Wells Notice”;
  • Preparing and appearing as your counsel at FINRA On The Record (OTR) interviews;
  • Evaluating and constructing facts for defense; and
  • Analyzing FINRA Sanction Guidelines and published SEC and FINRA decisions to  develop legal defenses.

With MAH Advising, you can plan and prepare responses and defenses, thereby ensuring a smooth and quick process. FINRA inquiries can turn into formal investigations or disciplinary actions if they are not handled correctly by our firm. MAH Advising can help you with your FINRA matter in a consultation. 

FINRA Rule 8210

Among the many services that MAH Advising offers, the FINRA Rule 8210 Enforcement Process is one that we have significant experience with. FINRA investigators are not to be taken lightly if they send you a letter saying they are “conducting an inquiry” into some issue or allegation.

Members receiving one of these letters are required to provide information to FINRA under Rule 8210, which directs other persons affected by FINRA’s jurisdiction to provide information either verbally, in writing, or electronically. Additionally, FINRA Rule 8210 allows FINRA officials to interview a person on the record, also known as an “On The Record Interview”. FINRA may impose hefty fines, suspensions, or even barrament if you do not cooperate with its information and document requests.

In the case of a termination, this unwelcome surprise can substantially impede the transition to a new firm and significantly burden the employee. Dissolutions of employment are serious, life-altering events. State regulators and organizations like CFP Board may also submit inquiries into the same stimulating situations, each of which is on its own track and timeline that can be difficult to navigate and defend while you are attempting to secure new employment or  transition your book of business.

MAH Advising experience in the financial industry means we understand the special regulatory and employment concerns specific to the industry, which will allow you to manage this overwhelming process with less stress so that you can concentrate on your business.

Why Did I Receive a FINRA Inquiry?

A financial advisor may receive inquiry letters due to other reasons besides terminations and separations of employment. Following are a few of the more common events:

  • Arbitration and Regulatory Action
  • Complaints from Customers
  • Forms U4 and U5 Disclosures which include:
  • Creditor Payment Plans, Liens, and Bankruptcies;
  • Convictions and Charges for Criminal Offenses;
  • Actions by the Regulatory Authorities; and
  • Extracurricular Activities.

Set up a free consultation with experienced securities advisors by calling or sending email to MAH Advising.

Disclaimer: We are consultants, not lawyers, this is not legal advice. We work with the top law firms when the practice of law is required.