Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 26 MARCH 2024

FINRA Facts And Trends: March 2024

Bracewell LLP
Bracewell LLP
Contributor
Bracewell LLP

Bracewell LLP

Paris is a vital energy hub in Europe, and our Paris office plays a central role in helping address...

View firm profile
Explore more from Bracewell LLP

Welcome to the latest issue of Bracewell's FINRA Facts and Trends, a monthly newsletter devoted to condensing and digesting recent FINRA developments...

United StatesLitigation, Mediation & Arbitration
Joshua Klein
Joshua Klein
Keith Blackman
Keith Blackman
Russell W. Gallaro
Russell W. Gallaro

Welcome to the latest issue of Bracewell's FINRA Facts and Trends, a monthly newsletter devoted to condensing and digesting recent FINRA developments in the areas of enforcement, regulation and dispute resolution. This month, we report on FINRA's focus on uses of artificial intelligence as an emerging risk, oral argument in the Alpine Securities case that has broad implications for FINRA, a pair of enforcement matters that shed light on FINRA's concerns with off-channel communications, and much more.

FINRA Proposes Expanding Category of Persons Who May Receive Projections and Targeted Returns

In our December 2023 issue, we discussed a FINRA proposal that would amend Rule 2210 (Communications with the Public), which generally prohibits projections of performance or targeted returns in member communications, subject to certain exceptions. The amendment would allow member firms to provide projected performance or targeted returns in institutional communications and

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Tenth Circuit Stays Nationwide Eligibility Injunction For Class Of 2022 In Wisne v. NCAA

On August 21, 2026, the Tenth Circuit granted the NCAA’s stay request in Wisne v. NCAA, temporarily restoring the NCAA’s age-based eligibility rules pending resolution of the appeal. Three weeks earlier, Judge Sweeney of the District of Colorado had issued a nationwide injunction that permitted athletes in the Class of 2022 to pursue a fifth year of eligibility.
United StatesLitigation, Mediation & Arbitration
Buchanan Ingersoll & Rooney
Buchanan Ingersoll & Rooney
Article

“LEGAL ANALYSIS SO POOR THAT IT HARDLY DESERVES THE LABEL”: Fifth Circuit COA Destroys Federal Judge For Using AI And I Cannot Believe Lawyers Are Still Using This Junk

A Fifth Circuit Court of Appeals ruling harshly criticizes a federal district judge for relying on AI-generated content in legal orders, revealing fabricated facts and poor legal analysis. The decision raises critical questions about the use of generative AI in legal practice and whether lawyers who adopt such technology are compromising their ethical obligations of competence, confidentiality, and integrity.
United StatesLitigation, Mediation & Arbitration
Troutman Amin LLP
Troutman Amin LLP
Article

Show Your Work: California Federal Court Denies Preliminary Approval Of Data Breach Class Action Settlement

A federal court in California denied preliminary approval of a $2.3 million data breach settlement affecting over 220,000 individuals, finding seven critical deficiencies in the proposed agreement. The decision highlights the rigorous scrutiny courts apply to class action settlements, particularly regarding claims-made distribution processes, inadequate documentation of settlement value, and unexplained disparate treatment among class members.
United StatesLitigation, Mediation & Arbitration
Duane Morris LLP
Duane Morris LLP
Article

California Federal Court Denies TikTok’s Motion To Dismiss Children’s Privacy Claims Based On Prior Class Action Settlements

A federal court rejected TikTok's attempt to use two prior nationwide class action settlements—totaling over $93 million—to dismiss new privacy claims brought by minors alleging violations of the Children's Online Privacy Protection Act. The ruling hinged on whether the current plaintiffs were demonstrably members of the earlier settlement classes based solely on the pleadings, raising critical questions about the scope and enforceability of broad settlement releases in successive privacy litiga
United StatesLitigation, Mediation & Arbitration
Duane Morris LLP
Duane Morris LLP
Video

MR. NUMBER 1 WINS AGAIN!: Concora Credit To Pay $9.375MM To Settle TCPA Wrong Number Class Action As Another Company Bows To Greenwald (Video)

Concora Credit has agreed to pay $9.375 million to settle a TCPA class action lawsuit over wrong number robocalls, with prominent TCPA attorney Mike Greenwald securing another major victory. The settlement includes over $5 million for approximately 147,000 class members, $3 million in attorney fees, and a commitment to spend at least $1 million on TCPA compliance over three years.
United StatesLitigation, Mediation & Arbitration
Troutman Amin LLP
Troutman Amin LLP
Article

US Federal Court Confirms A Foreign Arbitral Award And Enforces Contractual Post-judgment Interest In Lieu Of The Federal Statutory Rate

A US federal court confirmed a $350 million arbitral award against the Republic of Georgia and enforced a contractual post-judgment interest rate of SOFR plus four percent, compounding monthly, rather than the lower statutory rate. The decision demonstrates how carefully drafted contractual language extending interest "after as well as before judgment" can result in substantially higher recoveries for creditors in international arbitration enforcement proceedings.
United StatesLitigation, Mediation & Arbitration
DLA Piper
DLA Piper
Article

FTC Issues Rigorous Requirements On Using AI-Assisted Review Or Technology-Assisted Review To Respond To Investigational Subpoenas

The Federal Trade Commission has introduced stringent new requirements for parties using technology-assisted review or artificial intelligence in document production during investigations, mandating extensive upfront disclosures, prescriptive performance metrics, and validation processes. These requirements represent a significant departure from previous FTC practice and may discourage parties from using AI or TAR due to increased complexity and agency oversight. Parties now face critical decisions about wh
United StatesLitigation, Mediation & Arbitration
Arnold & Porter
Arnold & Porter
Article

Governor Abbott Orders TCEQ To Pause All Permit Issuance For Data Center Projects

Governor Abbott has ordered Texas environmental regulators to halt all data center permit issuance until grid operators complete a comprehensive audit in mid-December 2026. The sweeping directive affects not only grid-connected facilities but also fully islanded data centers relying on behind-the-meter generation, creating uncertainty for developers and their contractual obligations.
United StatesEnvironment
Bracewell LLP
Bracewell LLP
Article

Trump Administration Issues Executive Order Regarding Bulk Power System Equipment; DOE Requests Further Information

President Trump's Executive Order 14421 establishes a comprehensive framework for screening foreign-produced equipment in the U.S. bulk-power system, potentially affecting transformers, inverters, battery storage, and control systems tied to certain foreign entities. The Department of Energy has 120 days to issue implementing regulations and is seeking stakeholder input through a Request for Information to balance grid security concerns with reliability, supply chain constraints, and economic impacts across
GlobalEnergy and Natural Resources
Bracewell LLP
Bracewell LLP
Article

Venture Global Update: Galp Prevails In Latest LNG Commissioning Dispute

An ICC tribunal has ruled in favor of Galp in its dispute with Venture Global over the Calcasieu Pass LNG facility, finding that Venture Global breached its obligation to declare the facility operational in a timely manner. This decision adds to a series of contrasting outcomes in similar disputes involving other buyers, with damages yet to be determined in a hearing scheduled for 2027 or 2028.
United StatesLitigation, Mediation & Arbitration
Bracewell LLP
Bracewell LLP
Article

KKR Agrees To Historic $250 Million Penalty For Alleged Violations Of HSR...

The Department of Justice announced a landmark $250 million settlement with KKR & Co. for allegedly submitting deficient Hart-Scott-Rodino Act notification forms across at least 16 transactions. This unprecedented penalty, the largest ever for HSR violations, raises critical questions about merger notification compliance obligations and the consequences of systemic noncompliance with federal antitrust review requirements.
United StatesAntitrust/Competition Law
Bracewell LLP
Bracewell LLP
Article

Operation Economic Outcast: Two Key Updates Two Weeks In

The Trump administration's Operation Economic Outcast represents an unprecedented escalation in Iran sanctions enforcement, threatening secondary sanctions against entire countries while expanding sectoral restrictions and targeting financial institutions globally. Two weeks into implementation, the campaign reveals a complex geopolitical landscape where major powers like China and Russia openly defy US demands, while European allies navigate conflicting legal obligations between supporting American
GlobalInternational Law
Bracewell LLP
Bracewell LLP
Article

DOJ Fraud Division Orders Broader, Faster Enforcement

The Department of Justice's National Fraud Enforcement Division has issued a sweeping directive mandating prosecutors to attack fraud from all angles using tax, securities fraud, consumer fraud, and cybercrime authorities. This comprehensive approach includes aggressive asset seizure strategies, enhanced cooperation mechanisms, and expanded enforcement tools aimed at dismantling fraud schemes and maximizing recoveries across government contracting, healthcare, and financial sectors.
United StatesCriminal Law
Bracewell LLP
Bracewell LLP
Article

Treasury Expands Operation Economic Outcast Toolbox With Focus On Foreign Financial Institutions

Treasury's Operation Economic Outcast is expanding beyond traditional sanctions to target foreign banks, digital-asset platforms, and shadow-banking networks that facilitate Iran's access to the global financial system. Through a combination of OFAC designations, FinCEN prohibitions, and actions against intermediary infrastructure, the administration is demonstrating its willingness to employ multiple punitive measures to achieve economic isolation. Financial institutions must now assess Iran-risk not just
United StatesGovernment, Public Sector
Bracewell LLP
Bracewell LLP
Article

Trends In Russian Sanctions Enforcement In Europe And The UK

European and UK authorities are dramatically escalating sanctions enforcement against Russia-related violations, marking an unprecedented shift from policy development to aggressive prosecution. Recent actions span criminal convictions with multi-year prison sentences, substantial asset seizures, maritime interdictions of shadow fleet vessels, and penalties targeting both physical goods and digital infrastructure networks.
United KingdomCriminal Law
Bracewell LLP
Bracewell LLP
Article

The SEC’s Mixed Message: Cracking Down On Auditors While Easing Up On Disclosure

The SEC has launched a specialized enforcement unit targeting accounting professionals while simultaneously proposing to reduce mandatory interim reporting frequency. This creates a complex regulatory environment where heightened scrutiny of auditors coincides with fewer opportunities for interim financial review, raising critical questions about disclosure timing, audit committee oversight, and enforcement risk.
United StatesCorporate/Commercial Law
Bracewell LLP
Bracewell LLP