The FINRA arbitration and enforcement landscape has been continuously reshaped with rule changes as well as complications due to COVID-19 restrictions and the resulting change to remote work. Thus, all affected professionals must keep themselves abreast of the emerging updates in this space.

In this LIVE CLE Webcast from The Knowledge Group, a panel of thought leaders and professionals including Partner Pete Tepley, provided a review of FINRA Arbitration and Enforcement in 2021 and discussed what lies ahead for 2022.

Some of the major topics that were covered in the course included:

• FINRA Arbitration Statistics

• COVID-19 Implications to FINRA Arbitrations

• Areas of Regulatory Focus

Some key takeaways:

• Reg. BI is here and is not going away in the near term. Good documentation of the costs, reasonably available alternatives, potential risks and rewards that were considered in making a recommendation will be helpful for both showing compliance with Reg. BI and defending potential future litigation or arbitration related to the recommendation that may occur well into the future.

• 2022 offers more FINRA regulatory challenges to firms that hire problem brokers with the recent amendment to Rule 1017(a) (effective September 1, 2021) and new Rule 4111, which becomes effective on January 1, 2022.

Watch a recorded version (fees may apply)