FINRA Discipline: FINRA Rule 9241

Posted on January 10th, 2017 at 9:16 AM
FINRA Discipline: FINRA Rule 9241

From the Desk of Jim Eccleston at Eccleston Law LLC:

This is the thirteenth in a series of posts to discuss the rules associated with the FINRA disciplinary process. FINRA Rule 9241 covers the rules associated with a pre-hearing conference during the disciplinary proceeding.


To begin, the rule sets out the purpose of the pre-hearing conference, which includes but is not limited to: expediting the disposition of the proceeding; establishing procedures to manage the proceeding efficiently; and improving the quality of the hearing through more thorough preparation. A pre-hearing conference can be initiated by either the chief hearing officer or one of the parties by the filing of a motion.


At a pre-hearing conference, the hearing officer can discuss issues such as, but not limited to: the exchange of witness and exhibit lists; stipulations, admissions of fact, and admissibility into evidence of documents; the schedule for exchanging pre-hearing motions or briefs; determination of hearing dates; production of documents; and any matters as may aid in the orderly and expeditious disposition of the proceeding. At or following the conclusion of any pre-hearing conference, the hearing officer can enter a written ruling or order regarding an agreements made by the parties.

Lastly, if a party fails to appear at the pre-hearing conference, the hearing officer can enter a default decision against that absent party.

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of securities for financial advisors including Employment MattersTransition Contract ReviewState Licensing and Registration, FINRA Defense, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.  

Related Attorneys: James J. Eccleston

Tags: Eccleston, Eccleston Law, James Eccleston, Eccleston Law LLC, FINRA, FINRA Rule 9241, FINRA disciplinary process, pre-hearing process, chief hearing officer, filing a motion, stipulations, admissions of fact, admissibility, briefs, default decision

Return to Archive

TESTIMONIALS

Previous
Next

You guys are good!

Mike L.

LATEST NEWS AND ARTICLES

December 19, 2024
GPB Capital Investors See Progress as Court Confirms Receivership

In a significant development for investors in GPB Capital Holdings, the private equity firm will move into receivership following a prolonged legal battle.

December 18, 2024
SEC Fines Cantor Fitzgerald $6.75 Million for Misleading SPAC Investors

The Securities and Exchange Commission (SEC) has charged Cantor Fitzgerald, L.P. with causing two special purpose acquisition companies (SPACs) under its control to make misleading statements to investors before their initial public offerings (IPOs). 

December 17, 2024
Former Western Asset Management Co-CIO Charged with Fraud for Cherry-picking Trades

The SEC recently charged Ken Leech, former Co-CIO of Western Asset Management, with fraud.