The Financial Industry Regulatory Authority has issued supplemental guidance clarifying how companies and individuals that demonstrate “extraordinary cooperation” in investigations can receive enforcement credit.
Revised Regulatory Notice 19-23, published July 11, 2019, supplements prior guidance (Regulatory Notice 08-70), issued by FINRA in November 2008. FINRA said it published the original Regulatory Notice 08-70 “to apprise industry participants of the factors FINRA considers in determining whether and how to award credit for ‘extraordinary cooperation’ in a FINRA investigation.”
