Series 28: Settlement Offers

Settlement Offers

A respondent who admits to a violation may propose an offer of settlement at any time before or during a hearing. The offer must be in writing, and it must contain the following:

• • A statement of the statutory or rules provisions alleged to have been violated
• • A description of the specific events or practices that constitute the alleged violation
• • A consent to the findings of fact and violations as stated in the complaint
• • Proposed sanctions, consistent with FINRA guidelines

By submitting an offer of settlement, the respondent waives any right to a hearing, to contest the validity of the order, to claim bias by anyone con