Regulatory Notice 20-38

Summary

FINRA adopted a new rule to limit any associated person of a member firm who is registered with FINRA (each a “registered person”) from being named a beneficiary, executor or trustee, or to have a power of attorney or similar position of trust for or on behalf of a customer.1 New FINRA Rule 3241 (Registered Person Being Named a Customer’s Beneficiary or Holding a Position of Trust for a Customer) protects investors by requiring all member firms to affirmatively address registered persons being named beneficiaries or holding positions of trusts for customers.

2020065050501 Lewis N. Lester CRD 1773617 AWC va (2020-1606349812804).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2020065050501 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Lewis N. Lester, Respondent Former General Securities Representative and General Securities Principal CRD No. 1773617 Pursuant to FINRA Rule 9216, Respondent Lewis N. Lester submits this Letter of Acceptance, Waiver and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

2019062003101 Norman Stanley Batansky CRD 834388 AWC va (2020-1606090795470).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2019062003101 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Norman Stanley Batansky General Securities Representative CRD No. 834388 Pursuant to FINRA Rule 9216, Respondent Norman Stanley Batansky submits this Letter of Acceptance, Waiver and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

2017055979301 Cynthia Diane Cowden CRD 2054676 AWC va (2020-1605917967430).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2017055979301 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Cynthia Diane Cowden (Respondent) Former General Securities Representative CRD No. 2054676 Pursuant to FINRA Rule 9216, Respondent Cynthia Diane Cowden submits this Letter of Acceptance, Waiver and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.
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