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IM-1011-2. Business Expansions and Covered Pending Arbitration Claims

The safe harbor for business expansions in IM-1011-1 is not available to any member that is seeking to add one or more Associated Persons involved in sales and one or more of those Associated Persons has a Covered Pending Arbitration Claim (as defined in Rule 1011(c)(1)), an unpaid arbitration award or unpaid settlement related to an arbitration; in such circumstances, if the member is not otherwise required to file a Form CMA in accordance with Rule 1017, the member must comply with the requirements of Rule 1017(a)(6)(B).
Adopted by SR-FINRA-2019-030 eff. Sept. 14, 2020.

Selected Notice: 20-15.

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