Election Notice - 8/09/22
Summary
FINRA will conduct a special meeting of large firm members on or about October 31, 2022, to elect one individual to fill a vacant Large Firm Governor seat on the FINRA Board of Governors (FINRA Board).1 A formal notice of the special meeting, including the precise date, time and location, will be mailed to executive representatives on or about October 10, 2022.
Regulatory Notice 22-19
Summary
The NSCC1 administers ACATS, a system that automates and imposes specified duties and performance timeframes to facilitate the transfer of accounts, in whole or in part, from one firm to another. The NSCC recently announced a change to ACATS that will allow a receiving member (the firm slated to receive the customer’s account) to use the “receiver delete” function to remove alternative investments from an ACATS transfer.2
Franco Battaglia Comment On Regulatory Notice 22-08
You should not limit the options for investing that your constituents, after careful consideration, make a decision to move forward with. Everyone deserves the same choices. Why would you want to discriminate? Enforce transparency to instill good decision making.
2019063633301 John A. Orlando CRD 2002197 Order Accepting Offer of Settlement gg (2022-1662337198208).pdf
FINANCIAL INDUSTRY REGULATORY AUTHORITY
OFFICE OF HEARING OFFICERS
Department of Enforcement, Complainant,
v. John A. Orlando CRD No. 2002197, Respondent
Disciplinary Proceeding
No. 2019063633301
Hearing Officer—RES
ORDER ACCEPTING OFFER OF SETTLEMENT
Date: August 5, 2022
INTRODUCTION
Disciplinary Proceeding No. 2019063633301 was filed on March 31, 2022, by the Department of Enforcement of the Financial Industry Regulatory Authority (FINRA or Complainant). Respondent John A. Orlando submitted an Offer of Settlement (Offer) to Complainant dated August 4, 2022.