FINRA Investigations of Member Firms: 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 a member firm is eligible for extraordinary cooperation credit. The Note summarizes each of the main categories FINRA uses to measure a member firm's cooperation and offers counsel tips and best practices for maximizing the likelihood of obtaining credit for extraordinary cooperation.