Series 82: 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 connected wi