How should the “Date Initiated” and Resolution Date” fields be completed on the Regulatory Action DRP when reporting a FINRA complaint that was resolved via an Offer of Settlement?
When reporting a FINRA complaint, the “Date Initiated” field on the Regulatory Action DRP should reflect the date the formal action or complaint was issued. When amending the DRP to report that the complaint has been resolved via an Offer of Settlement, the “Resolution Date” field on the DRP should reflect the date of the Notice of Acceptance of the Offer of Settlement. When a FINRA investigation evolves into a formal FINRA action (e.g., complaint or Acceptance, Waiver and Consent), is the firm required to amend the previously submitted Investigation DRP AND submit a Regulatory Action DRP or will reporting the details on a single DRP suffice? In cases where a FINRA investigation evolves into or triggers a formal FINRA complaint or proceeding, two DRP submissions are required. The previously submitted Investigation DRP should be amended to report the outcome of the investigation (DRP fields #3 and #4, “Describe briefly the nature of the investigation, if known, or details of the resolut
Related Questions
- How should the "Date Initiated" and "Resolution Date" fields be completed on the Regulatory Action DRP when reporting a FINRA Acceptance, Waiver & Consent (AWC)?
- How should the "Date Initiated" field be completed on the Regulatory Action DRP when reporting a FINRA complaint?
- Does the action plan include regulatory measures for the Internet?
