Martin P. Unger, a partner in Wexler Burkhart Hirschberg & Unger, writes: In many disciplinary cases, FINRA enforcement appears to use the general ethical rule as a sword, without regard to how remote from the investment banking or securities business of the member or the associated person the acts involved are. While FINRA may not recognize it, its jurisdiction over its members and associated persons has limits.
Are There Limits to FINRA Rule 2010?
New York Law Journal
October 8, 2013