2024081461101 Roger Daniel Follis CRD 2653439 AWC lp.pdf

From October 2020 to March 2023, Follis sent business-related communications to a B. Riley customer using a personal email account that was not disclosed to or approved by his firm. As a result, B. Riley did not supervise or preserve those customer communications. By preventing the firm from preserving business-related communications, Follis violated FINRA Rules 4511 and 2010 and is fined $10,000 and suspended in all capacities for 45 days.

Regulatory Notice 25-18

Summary 

FINRA has adopted amendments to its Codes of Arbitration Procedure (Codes) to accelerate the processing of arbitration proceedings for parties who qualify based on their age or health condition.

The amendments add new Rules 12808 and 13808 (Accelerated Processing) to the Codes, and are effective for arbitration cases filed on or after March 30, 2026.

The text of the rule change is set forth in Attachment A. 

Questions concerning this Notice should be directed to: 

Bryan Smith

Bryan Smith is Senior Vice President of Strategic Intelligence & Analytics (StratIntel) for Member Supervision at FINRA. Mr. Smith leads multi-disciplinary teams, including data scientists, risk specialists and intelligence analysts, responsible for providing proactive and strategic intelligence throughout Member Supervision and to the industry in support of investor protection and market integrity. StratIntel also supports FINRA’s regulatory programs and member firms in identifying, assessing, and responding to emerging risks and threats.

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