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 any