Series 82: Minor Rule Violations

Minor Rule Violations

In the case of a minor rule violation that a member firm or associated person chooses not to dispute, the Department of Enforcement or Department of Market Regulation may propose and request that the respondent execute a minor rule violation plan (MRVP) letter. As with a letter of acceptance, waiver, and consent, an MRVP letter accepts a finding of violation, consents to the imposition of sanctions, and agrees to waive the right to a hearing and appeal. It, too, must describe the act or practice under complaint, the rule or regulation violated, and the sanctions to be imposed.

If the member or associated person ex