Series 14: 1.7.1.1. Settlement Offers

1.7.1.1. 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:

• Statement of the statutory or rules provisions alleged to have been violated

• Description of the specific events or practices that constitute the alleged violation

• 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