FINRA Investigations of Individuals: Obtaining Extraordinary Cooperation Credit | Practical Law
A Practice Note discussing the main factors the Financial Industry Regulatory Authority (FINRA) considers in settlement discussions post-investigation, when determining the sanctions and whether an individual broker is eligible for extraordinary cooperation credit. This Note summarizes each of the main categories FINRA uses to measure an individual's cooperation and offers counsel tips and best practices for maximizing the likelihood of obtaining extraordinary cooperation credit.