Regulatory Notice 15-35

SEC Approves Amendments to FINRA Rules Regarding Temporary and Permanent Cease and Desist Orders

Effective Date: November 2, 2015

Executive Summary

The SEC recently approved amendments to FINRA rules that lower the evidentiary standard to impose a temporary cease and desist order (TCDO); create a new expedited proceeding for repeated failures to comply with a TCDO or a permanent cease and desist order (PCDO); harmonize the provisions governing how documents are served in temporary cease and desist and expedited proceedings; clarify FINRA’s authority to impose a PCDO; and ease FINRA’s administrative burden in temporary cease and desist proceedings. The amendments become effective on November 2, 2015.

The amended rule text is available at www‌.finra.‌org/notices/15-35.

Questions concerning this Notice should be directed to:

  • James S. Wrona, Vice President & Associate General Counsel, Office of General Counsel (OGC), at (202) 728-8270; or
  • Michael Garawski, Associate General Counsel, OGC, at (202) 728-8835.

Related Documents: 

DateTitleFormat - Size
10/2/2015Regulatory Notice 15-35 AttachementPDF - 129.62 KB