2019064333401 D Allen Blankenship CRD 2842335 OHO Decision df.pdf

Respondent engaged in a pattern of unsuitable trading in mutual fund shares in violation of FINRA Rules 2111 and 2010. He facilitated the unsuitable trading by circumventing his firm’s supervision, which was unethical and violated FINRA Rule 2010. He also falsely marked mutual fund transactions as unsolicited when they were not, which caused his firm’s books and records to be inaccurate and violated FINRA Rules 4511 and 2010. For this misconduct, we bar Respondent from associating with any FINRA member firm in any capacity and order him to pay costs.

Marc Fitapelli Comment On Regulatory Notice 26-02

Dear FINRA Regulatory Policy Committee,

I submit this comment in my capacity as an attorney who represents consumers, frequently elderly investors, in arbitration matters before FINRA. My practice includes representing victims of elder financial exploitation, fraud, and unauthorized account activity. In that role, I routinely observe how broker-dealer policies and discretionary enforcement decisions directly impact vulnerable seniors after irreversible losses have already occurred.

Trade Reporting Notice 1/14/26

Summary

FINRA is reminding firms of upcoming updates to its equity trade reporting guidance in connection with enhancements to the FINRA equity trade reporting facilities to support reporting of fractional share quantities. Under the updated guidance, members engaged in fractional share trading will be required to report fractional share quantities up to six digits after the decimal. FINRA is also providing additional guidance for fractional share reporting in circumstances involving fractional amounts smaller than six decimals.

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