The company avoided criminal prosecution but must still pay a hefty fine.
Self-reporting
The advisory gives market participants even more opportunity for full enforcement declinations.
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FINRA Annual 2026: Exam and enforcement enhancements offer guidance to member firms
Speakers discussed the enhancements FINRA is making to both divisions and how firms can navigate their way through these processes with better practices.
The aim is to enable users to compare the complaints reported by individual financial firms for the first time, including their handling of complaints associated with specific products.
SDNY said after a company self-reports, it will issue a conditional letter stating intent to decline prosecution, if certain criteria are met.
Speakers emphasized technology‑neutral and principles‑based regulation, teased on new policies to come, or raised red flags.
The former SEC leader said he wants to offer “real benefits” to those committed to turning over bad actors and resolving matters quickly.
Moser and Pease talk about a corporate enforcement and voluntary self-disclosure policy that has seen a variety of iterations through several administrations.