Series 26: Acceptance, Waiver And Consent (AWC) Letter

Taken from our Series 26 - Investment Company Products/Variable Contract Limited Principal Exam

Definition of the term Acceptance, Waiver And Consent (AWC) Letter...

a letter in response to a FINRA complaint in which the accused accepts a finding of violation, consents to sanctions, and waives the right to a hearing and appeal. The letter must describe the act or practice under complaint, the rule or regulation violated, and the sanctions to be imposed.

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