Series 26: Settlement Offers

Taken from our Series 26 Online Guide

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 anyon

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