FINRA’s Top Enforcement Issues in 2022
Summary
In a recent blog, we provided key takeaways from FINRA’s 2023 Examination and Risk Monitoring Program Report. It bears mentioning that FINRA ordered Robinhood Financial to pay $12.6 million in restitution plus interest in 2022. The Eversheds report listed the top five enforcement issues for 2022 (as measured by total fines assessed): Books and Records. FINRA reported a case involving, among other things, the customer protection rule, resulting in a $9 million fine. This marks the third consecutive year trade reporting cases have been on the Top Enforcement Issues list.
Classifications
industries
Fintech & Banking
applications
Data Management
AskAI Classifications
Labels
Wealth Management Software
Financial Data Aggregation
Compliance Software
Linked Companies
Terrapin Technologies, Inc.
$1M to $5M