Series 7: 18.4.1.1 Settlement Offers

Taken from our Series 7 Top-off Online Guide

18.4.1.1  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

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