Ian J McLoughlin’s Blog
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FINRA has proposed significant changes to its rules for expunging erroneous customer complaints from a broker’s record. In May 2020, the SEC approved one proposed change to apply minimum fees for expungement requests, which is slated to go into effect by September 2020.
In 2019, attorney Ian McLoughlin returned to private practice after working as Senior Enforcement Counsel in FINRA’s Boston office. He has since successfully represented brokers, investment advisers and other financial professionals.
In the wake of recent news articles in the Wall Street Journal, attorney Ian McLoughlin is investigating Yieldstreet, Inc., a digital platform which sells notes to investors that are tied to loan pools, for possible securities fraud resulting in missed payments to investors.
One of the tools FINRA often uses when investigating potential violations of the federal securities laws or FINRA rules is the “Rule 8210 request.” This post discusses frequently asked questions regarding Rule 8210 requests, including what is a FINRA Rule 8210 request, whether a recipient must respond and what are the best practices for responding.
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