FINRA ISSUES SANCTION GUIDELINES
On September 29, 2022, the Financial Industry Regulatory Authority (FINRA) published Sanction Guidelines for a spectrum of potential violations. Guidelines provide monetary sanction ranges for “Small”, “Mid-size” and “Large” firms. For the first time, the Sanction Guidelines establish penalties for violating anti-money laundering rules, suggesting that FINRA may increase its scrutiny in this regard.