Series 22: 6.6.2.3. Minor Rule Violations

6.6.2.3. Minor Rule Violations

If a violation is minor and not disputed by the violator, FINRA may offer a minor rule violation plan (MRVP). Like an AWC, an MRVP includes a description of the violation, an admission of guilt, a waiver of a hearing and appeal, and a description of the sanctions to be imposed. Unlike an AWC, the sanctions are limited to a fine, which may not exceed $2,500.

The Code of Procedure gives some examples of violations for whic