FINRA to Temporarily Allow OHO and NAC Hearings by Video Conference
The Financial Industry Regulatory Authority Inc. has filed a proposed rule change with the Securities and Exchange Commission to temporarily allow FINRA’s office of hearing officers and the national adjudicatory council the authority to conduct certain hearings by video conference.
The Financial Industry Regulatory Authority Inc. has filed a proposed rule change with the Securities and Exchange Commission to temporarily allow FINRA’s office of hearing officers and the national adjudicatory council the authority to conduct certain hearings by video conference because of the COVID-19-related health risks posed by an in-person hearing.
The proposed change amends FINRA Rules 1015, 9261, 9524 and 9830 and includes hearings in connection with appeals of membership application program decisions, disciplinary actions, eligibility proceedings, and temporary and permanent cease and desist orders.
The temporary amendments become operative on September 30, 2020 and are in effect through December 31, 2020, pending any future extensions.
