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Failure to pay arbitration awards can result in suspension or bar from the securities industry. FINRA enforces this to protect customers and maintain fairness in dispute resolution.

Trade blotters must be retained for 6 years, with the first 2 years in an easily accessible location. They provide regulators with a record of transactions.

A statutory disqualification requires immediate action. The firm must either terminate the individual or file a MC-400 Eligibility Application with FINRA. Allowing continued activity without approval would be a violation.

Form CRS (Customer Relationship Summary) must be delivered to retail clients. It outlines services, conflicts, fees, and disciplinary history in plain language.

Variable annuity exchanges require principal review and approval within 7 business days to confirm suitability, disclosures, and client benefit. This protects investors from unsuitable annuity switching.