Tag Archives: Regulatory Notice 19-04

FINRA Focuses on Self-Reporting Violations in 529 Plan Share Class Initiative

The Financial Industry Regulatory Authority (“FINRA”) has implemented a 529 Plan Share Class Initiative (“529 Initiative”) to promote member firms’ compliance with the rules governing recommendations of 529 savings plans (“529 plans”).  The 529 Initiative is structured for member firms to self-report potential supervisory and suitability violations.  These violations relate directly to recommendations made to … Continue reading FINRA Focuses on Self-Reporting Violations in 529 Plan Share Class Initiative