Summary of selected FINRA Regulatory Notices and Disciplinary Actions: January-March 2008

摘要

Purpose – The purpose of this paper is to provide excerpts of selected Financial Industry Regulatory Authority (FINRA) Regulatory Notices issued from January to March 2008 and a sample of disciplinary actions during that period. In July 2007, FINRA Regulatory Notices replaced NASD Notices to Members. Design/methodology/approach – The paper provides excerpts from Regulatory Notice 08-04, Delta Hedging Exception; 08-08, Auction Rate Securities; 08-09 Portfolio Margin Accounts; 08-10, Options Position and Exercise Limits; 08-12, Principal Approval of Sales Material; and 08-13, Short Interest Reporting Requirements. Findings – The paper reveals current regulatory trends. Originality/value – The paper provides direct excerpts designed to provide a useful digest for the reader and an indication of regulatory trends.