Skip to main content

Reg BI Expulsion Shows FINRA Is On The Offensive

Member and Co-chair of the firm’s Financial Services Practice Pete Michaels and Associate Alyssa Scruggs co-authored an article published by Law360 discussing the action that FINRA has taken to bring Regulation Best Interest to life. The authors summarized, "The Financial Industry Regulatory Authority has acted on its promise to bring Regulation Best Interest to life, announcing on May 12 that it expelled member firm SW Financial and disciplined its CEO and majority owner Thomas Diamante."